E$10-6$ Hollowell Audio, Inc., manufactures compact discs. The company uses standards to control its costs. The labor standards that have been set for one disc are as follows:

$\backslash$table$[[\backslash$table$[[$Standard$],[$Hours$]],\backslash$table$[[$Standard Rate$],[$per Hour$]],\backslash$table$[[$Standard$],[$Cost$]]],[24$ minutes,$$6\mathrm{.}00,$$$2\mathrm{.}40$