standard Product Cost las 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 $15.00 per hr standard time per unit 3 hrs. Direct materials (ook) standard price $8.50 per bd. ft. standard quantity 15 bd. ft Variable factory overhead: standard rate $2.80 per direct labor hr Fixed factory overhead: standard rate 30.00 per direct labor hr. Determine the standard cost per dining room table. If required, round your answer to two decimal place per table b. A standard cost system provides Atlas Furniture Company's management a cost control tool using the principle of cost deviations from standards can be investigated and corrected Using this propi