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: Direct labor: $15.00 per hr standard rate standard time per unit 3.50 hrs. Direct materials (oak) standard price $9.50 per bd. ft. 18 bd. ft standard quantity 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 dining room table b. A standard cost system provides Rosa Furnitu re management a cost control tool using the principle of . Using this principle, cost deviations from standards can be investigated and corrected. Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $167,300 Fixed factory overhead 72,500 Standard: 6,000 hrs. at $36 216,000 If productive capacity of 100% was 10,000 hours and the total factory overhead cost budgeted at the level of 6,000 standard hours was $245,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $7.25 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Amount Favorable/Unfavorable Variance Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance