Euclid Fashions, Inc., is introducing a sports jacket. A standard cost card has been prepared for the new jacket, as shown below:

Problems$$Standard Quantity or Hours

Standard Price or Rate

Standard Cost

Direct materials $.......................2\mathrm{.}0$ yards

$$4\mathrm{.}60$ per yard

$ $9\mathrm{.}20$

Direct labor $..........................1\mathrm{.}4$ hours

$$10\mathrm{.}00$ per hour

$14\mathrm{.}00$

Manufacturing overhead $(16$ variable$)......1\mathrm{.}4$ hours Total standard cost per jacket $............$

$$12\mathrm{.}00$ per hour

$16\mathrm{.}80$$$40\mathrm{.}00$The following additional information relating to the new jacket is available:

a$.$ The only variable selling and administrative cost will be $$4$ per jacket for shipping. Fixed sell$-$

ing and administrative costs will be $($per year$)$: