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 standard time per unit standard price standard quantity standard rate standard rate $15.00 per hr. 4.00 hrs. $9.50 per bd. ft. 16 bd. ft. $2.40 per direct labor hr. $0.80 per direct labor hr. Direct materials (oak): Variable factory overhead: Fixed factory overhead: a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per dining room table b. A standard cost system provides Rosa Furniture management a cost control tool using the principle of management by exception . Using this principle, major standards can be investigated and corrected. cost deviations from