Standard Product Cost Designer Fumiture Company manufactures designer home furniture. Designer Furniture uses a standard cost system. The direct labor, direct materials, and factory overhead standards for a finished dining room table are as follows: Direct labor Direct materials (eak) Variable factory overhead: Fixed factory overhead standard rate standard time per unit standard price standard quantity standard rate standard rate $23.00 per h 3.00 bes $8.00 per bd.ft. 19 bd.. $2.80 per direct labor het $0.00 per direct labor a. Determine the standard cost per dining room table. Round to two decimal places. 186.8 x per table b. A standard cost system provides the company's management a cast control tool using the principle of management by exception corrected. Using this principle, major cest deviations from standards can be investigated and