Affordable Electronics Inc. manufactures medium$-$quality, reasonably priced wireless speakers for home use. The company uses standards to control its costs. The labour standards that have been set for one speaker are as follows:

$\backslash$table$[[$Standard Hours,Standard Rate,Standard$],[$per Hour,Cost,$],[12$ minutes hours$),$$$12\mathrm{.}00,$$$2\mathrm{.}40$