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$)$: