Jones Closers specializes in closing residential mortgage transactions. The company has a large staff, and some individuals specialize in overseeing the final session when loan details are finalized, and the documents are executed. Jones allows 2 hours for each closing, and the standard cost for a 2-hour session is $80. The 2-hour standard time allowance includes a break for staff. During the most period, in response to more requirements and stricter enforcement of existing requirements, the staff closed 1200 loans in 3,200 hours. Assuming no change in labor costs and a work force that is no less or no more efficient than the one in place when the standard was established initially, estimate the total cost to Jones of the