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	$24.00 per hr.
	Standard time per unit	3.5 hrs.
Direct materials (oak):	Standard price	$9.00 per bd. ft.
	Standard quantity	18 bd. ft.
Variable factory overhead:	Standard rate	$2.40 per direct labor hr.
Fixed factory overhead:	Standard rate	$1.20 per direct labor hr.

Determine the standard cost per dining room table. Round your answer to the nearest cent.

Total cost per unit:

$fill in the blank 1