Compute the standard cost for one hat, based on the following standards for each hat: 
Definitions:
Philosophy of Manufacturers
Refers to a conceptual framework adopted by manufacturers that emphasizes principles such as quality, efficiency, innovation, and customer satisfaction in the production process.
Bureaucracy
An organizational structure characterized by standardized procedures, hierarchical division of responsibilities, and impersonal relationships designed to administer large organizations efficiently.
Nepotism
The practice of giving jobs or other advantages to relatives or close friends, regardless of their merit.
Self-Esteem
Someone's own perception of their significance or quality.
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