Austin Furniture Company manufactures unfinished oak furniture. Austin uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows:

Determine the standard cost per dining roomtable.

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Direct labor: Direct materials (oak): Variable factory overhead: ndard rate standard rate standard time per unit standard price standard quantity $15.00 per hour 3.5hours $7.50 per board foot 20 board feet $2.20 per direct labor hour 50.80 per direct labor hour Fixed factory overhead: standard rate