Innovami has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $24.50 per hour. During July, the company paid $110,442 to employees for 4,660 hours worked 2.580 units were produced during July, What is the nexible budget amount for direct lobor? Multiple Choice $212.362 $228.340 $236.862 $126,420 Which of the following statements is (are) true? (A) A price standard is the price that should be paid per the unit of output. (B) A quantity standard is the amount of input that should go into a single unit of the output Multiple Choice Only B is true Neither A nor B is true O Both A and B are true Only A is true