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 $16.00 per hr 3.50 hrs. $11.50 per bd. ft. 17 bd. ft. $2.80 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 table b. A standard cost system provides Rosa Furniture management a cost control tool using the principle of cost deviations from standards can be investigated and corrected Using this principle