ezto. tion.com & 10 Question 8 (of 8) value: 12.50 points Erie Company manufactures a small mp3 playor called the Jogging Mate. The company uses standards to ts costs. The labor standards that have been set for one Jogging Mate mp3 player are as follows: Rate Hours 24 minutes per Hour $5.80 $2.32 During August, 8,360 hours of direct labor time were needed to make 19,200 units of the Jogging Mate. The direct labor cost totaled $47,652 for the month. Required 1. According to the standards, what direct labor cost should have been incurred to make 19,.200 units of the Jooging Mate? By how much does this differ from the cost that was incurred? (Round Standard labor time per unit to 2 decimal places.) Number of units manufactured Standard labor time per unit Total standard hours of labor time allowed Standard direct labor rate per hour Total standard direct labor cost Actual direct labor cost Standard direct labor cost Tol variance-unlecorabe