Turning the Tables A table is made from a top, 4 legs, 4 plastic caps and 8 metal hinges. Wood cost $1.40 per board foot. Metal cost $2.50 per pound. Plastic for caps cost $3.00 per kilogram. Each top requires 6 board feet. It takes 6 minutes to cut. Each leg requires 1 board foot. During the cutting process 1 of every 15 legs gets wasted. Cutting requires 2 hours per 105 legs. Metal hinges take hour for cutting a batch of 24. Each hinge uses 1/8 pound of metal. Allow 5% for wastage of metal scrapings. A kilogram of plastic can be moulded into 100 caps in 12 minutes. Table assembly takes 15 minutes. Wood cutting cost $12 per hour. Metal cutting cost $15 per hour. Plastic moulding cost $10 per hour. Table assembly cost $14 per hour. REQUIRED: Prepare a standard cost sheet for 1 table. Material and Labour only (no overhead). Use 3 decimal places