Standard Product Cost Sana Rosa Company manufactures unfinished home furniture. 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: $23.00 per hr. standard rate standard time per unit 2.5 hrs. Direct materials (oak): standard price standard quantity $10.00 per bd. ft. 18 bd. ft. Variable factory overhead: standard rate standard rate $2.80 per direct labor hr. $0.80 per direct labor hr. Fixed factory overhead: 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 Sana Rosa management a cost control tool using the principle of management by exception cost deviations from standards can be investigated and corrected. major Feedback Check My Work Remember the process discussed in chapter for calculating standard cost Review the benefits of standard cost systems. Learning Objective 2. Using this principle