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 3.5 hrs. Direct materials (nak) standard price $10.50 per bd. ft. standard quantity 20 bd. ft. Variable lactory overhead standard rate $2.80 per direct labor hr Fixed factory overhead: standard rate $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 b. A standard cost system provides Atlas Furniture Company's management a cost control tool using the principle of this principle, cost deviations from standards can be investigated and corrected. Using