Standard Product Cost Atlas Furniture Company manufactures designer home furniture. Atlas 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: $15.00 per hr. standard rate standard time per 4 hrs. unit Direct materials (oak): standard price $10.50 per bd. ft. standard quantity 17 bd. ft. Variable factory $2.80 per direct standard rate overhead: labor hr. Fixed factory standard rate overhead: $0.80 per direct labor hr. a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per table