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: standard rate $26.00 per hr standard time per unit 3.5 hrs. Direct materials (oak): standard price $8.50 per bd. ft. standard quantity 15 bd. it. Variable factory overhead: standard rate $3.20 per direct labor hr, Fixed factory overhead: standard rate $1.20 per direct labor hr. 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 deviations from standards can be investigated and corrected