Bramble, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the start of monthly production, Bramble estimated 9,750 tybos would be produced in March. Bramble has established the following material and labor standards to produce one tybo: Standard Quantity Standard Price Direct materials 2.5 pounds $3 per pound 0.6 hours $10 per hour Direct labor During March 2022, the following activity was recorded by the company relating to the production of tybos: 1. The company produced 9,550 units during the month. 2. A total of 24,740 pounds of materials were purchased at a cost of $68,035. 3. A total of 24,740 pounds of materials were used in production.