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: Direct materials (oak): Variable factory overhead: Fixed factory overhead: standard rate standard time per unit $19.00 per hr. 3 hrs. standard price $12.00 per bd. ft. standard quantity 15 bd. ft. standard rate standard rate $3.20 per direct labor hr. $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 tablet b. A standard cost system provides Atlas Furniture Company's management a cost control tool using the principle of principle, cost deviations from standards can be investigated and corrected. Using this