Compute the Standard Cost for One Hat, Based on the Following

Compute the standard cost for one hat, based on the following standards for each hat:
$\begin{array}{lrr} \text { \( 3 / 4 \) yard of fabric at \( \$ 4.00 \) per yard } & \text { Standard Material Quantity } \\ \text { 1 hour at \( \$ 5.75 \) per hour} & \text { Standard Labor:} \\ \text { \( \$ 2.90 \) per direct labor hour } & \text { Factory Overhead: } \\\end{array}$

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