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Standard Product Cost Atlas Furniture Company manufactures designer home furniture. Atlas...

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Standard Product Cost Atlas Furniture Company manufactures designer home furniture. Atlas 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 $23.00 per hr standard time per unit 2 hrs. Direct materials (oak): standard price $10.00 per bd. ft. standard quantity 16 bd. It Variable factory overhead: standard rate $2.40 per direct labore Fixed factory overhead: standard rate $1.20 per direct labor hr. a. Determine the standard cost per dining room table. If required, round your answer to two decimal places per table

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