Narcisco Publications established the following standard price and costs for a hardcover picture book that the company produces:

$\backslash$table$[[$Standard price and variable costs,$90\mathrm{.}00],[$Sales price,$18\mathrm{.}00],[$Materials cost$,9\mathrm{.}00],[$Labor cost$,12\mathrm{.}60],[$Overhead cost$,14\mathrm{.}40],[$Selling$,$ general, and administrative costs,$],[$Planned fixed costs,$$270,000$