Lloyd Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs 36.00 Sales price Materials cost 8.00 Labor cost 4.20 5.60 Overhead cost Selling, general, and administrative costs 6.20 Planned fixed costs Manufacturing overhead $128,000 Selling, general, and administrative 52,000 Assume that Lloyd actually produced and sold 22,000 books. The actual sales price and costs incurred follow Actual price and variable costs 35.00 Sales price Materials cost 8.20 Labor cost 4.10 5.65 Overhead cost 6.00 Selling, general, and administrative costs Actual fixed costs Manufacturing overhead $113,000 Selling, general, and administrative 58,000