Santa Clara Furniture Company manufactures designer home furniture. Santa Clara uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows:

Direct labor:	standard rate	$19.00 per hr.
	standard time per unit	3.5 hrs.
Direct materials (oak):	standard price	$16.50 per bd. ft.
	standard quantity	27 bd. ft.
Variable factory overhead:	standard rate	$3.90 per direct labor hr.
Fixed factory overhead:	standard rate	$2.10 per direct labor hr.

a. Determine the standard cost per dining room table. $fill in the blank 1 per dining room table

b. A standard cost system provides the company's management a cost control tool using the principle of . Using this principle, cost deviations from standards can be investigated and corrected.