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 $17.00 per hr.

standard time per unit 2 hrs.

Direct materials (oak): standard price $9.50 per bd. ft.

standard quantity 19 bd. ft.

Variable factory overhead: standard rate $2.40 per direct labor hr.

Fixed factory overhead: standard rate $1.20 per direct labor hr.

a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. $ per table