and factory overhead stande standard quantity 20 Variable factory overheads standard rate 12.00 per direct labore 11. 20 per drect labore A standard cost system provides Altas rumaura Company management cost control tool veing the principle of - cost deviations from standards can be investigated and correctad. management by exception Check My Work more Check My Won i ng Previous Next > eBook Show Me How Calculator Standard Product Cost Atlas Furniture Company manufactures designer home furniture. Atlas uses a standard cost system. The direct labor, direct materia an unfinished dining room table are as follows: Direct labor: standard rate $26.00 per hr. 4 hrs. standard time per unit Direct materials (oak): standard price $11.50 per bd. ft. standard quantity 20 bd. it. Variable factory overhead: standard rate $2.80 per direct labor hr. 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 b. A standard cost system provides Atlas Furniture Company's management a cost control tool using the principle of cost control cost deviations from standards can be investigated and corrected. Chapter 23 Homework Content Area