Standard Product Cost Sana Rosa Furniture Company manufactures designer 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: standard rate Direct labor: $26.00 per hr. standard time per unit 4.00 hrs. Direct materials (oak): $12.00 per bd. ft. standard price standard quantity 18 bd. ft Variable factory overhead: standard rate $2.80 per direct labor hr. standard rate Fixed factory overhead: $0.80 per direct labor hr. a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per dining room table b. A standard cost system provides Rosa Furniture management a cost control tool using the principle of Using this principle, cost deviations from standards can be investigated and corrected cost control management by exception