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 $17.00 per hr 2.5 hrs 11.50 per bd. ft. 17 bd. ft. $2.80 per direct labor hr $1.20 per direct labor hr standard rate standard time per unit standard price standard quantity standard rate standard rate Direct materials (oak): Variable factory overhead Fixed factory overhead a. Determine the standard cost per dining room table. If required, round your answer to two decimal places per table Using this principle, b. A standard cost system provides Sana Rosa management a cost control tool using the principle of cost deviations from standards can be investigated and corrected