Standard Product Cost Sana Rosa Company manufactures unfinished 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 $17.00 per hr. standard time per unit 4 hrs. Direct materials (oak): standard price $8.00 per bd. ft. standard quantity 17 bd. ft. Variable factory overhead: standard rate $3.20 per direct labor hr. Fixed factory overhead: standard rate $0.80 per direct labor hr. a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. $fill in the blank 1 per table b. A standard cost system provides Sana Rosa management a cost control tool using the principle of management by exception . Using this principle, major cost deviations from standards can be investigated and corrected.