Standard Product Cost Sana Rosa Company manufactures unfinished home furmiture. Sana Rosa 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 standand time per unt 2.5hrs Direct materials (oak) standard price standard quantity standard rate standard rate $11.00 per bd. ft 20 bd. ft. $2.40 per direct labor hr. $1.20 per direct labor hr. Variable factory overhead Fixed factory overhead a. Determine the standard cost per dining room table. If required, round your answer to two decimal places X per table b. A standard cost system provides Sa a Rosa management a cost control tool using the principle of manager ent by exception cost deviations from standards can be investigated and corrected Using this princ ple, major Check My Work Remember the process discussed in chapter for caiculating standard cost Review the benefits of standard cost systems Leaning Objective 2