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: standard rate $26.00 per hr 4 hrs. standard time per unit Direct materials (oak): standard price standard quantity $11.50 per bd. ft. 20 bd. ft. $2.80 per direct labor hr. $1.20 per direct labor hr. Variable factory overhead: Fixed factory overhead: standard rate standard rate a. Determine the standard cost per dining room table. If required, round your answer to two decimal places per table Using this principle, major b. A standard cost system provides Atlas Furniture Company's management a cost control tool using the principle of cost control cost deviations from standards can be investigated and corrected. Chied My Work 3 more Check My Work uses remaining Previous Next >