Standard Product Cost Sorrento Furniture Company manufactures unfinished oak furniture. Sorrento 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 $8.00 per bd. ft. Standard quantity Variable factory overhead: Standard rate $2.40 per direct labor hr. Fixed factory overhead: Standard rate $1.20 per direct labor hr 18 bd. ft. Determine the standard cost per dining room table. Round your answer to the nearest cent. Total cost per unit: X