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: standard rate standard time per unit standard price standard quantity standard rate standard rate $22.00 per hr 2.00 hrs. $12.00 per bd. ft 20 bd. ft. $3.20 per direct labor hr. $1.20 per direct labor hr. 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 dining room table b. A standard cost system provides Rosa Furniture management a cost control tool using the principle of principle, cost deviations from standards can be investigated and corrected. and corrected.Using this Direct Materials and Direct Labor Variances At the beginning of June, Kimber Toy Company budgeted 21,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows: Direct materials Direct labor Total The standard materials price is $0.50 per pound. The standard direct labor rate is $9.00 per hour. At the end of June, the actual direct materials $21,000 13,230 34,230 and direct labor costs were as follows: Actual direct materials $19,500 12,300 $31,800 Actual direct labor Total There were no direct materials price or direct labor rate variances for June. In addition, assume no changes in the direct materials inventory balances in June. Kimber Toy Company actually produced 18,900 units during June. Determine the direct materials quantity and direct labor time variances. Round your per unit computations to two decimal places, if required. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct materials quantity variance Direct labor time variance