Standard product cost Santa Clara Furniture Company manufactures designer home furniture. Santa Clara 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 2.5 hrs. Direct materials (oak): standard price $13.00 per bd. ft. standard quantity 27 bd. ft. Variable factory overhead: standard rate $4.00 per direct labor hr. Fixed factory overhead: standard rate $2.30 per direct labor hr. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. $ per dining room table