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 $18.00 per hr. standard time per unit 3.5 hrs. Direct materials (oak): standard price $15.00 per bd. ft. standard quantity 26 bd. ft. standard rate Variable factory overhead: Fixed factory overhead: $4.20 per direct labor hr. $1.80 per direct labor hr. standard rate a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per dining room table . Using this principle, major cost b. A standard cost system provides the company's management a cost control tool using the principle of management by exception deviations from standards can be investigated and corrected