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Laraas Tax Services (LTS) does simple state and federal tax returns for its customers. LTS charges ita s clients $49 per return. LTS budgets that

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Laraas Tax Services (LTS) does simple state and federal tax returns for its customers. LTS charges ita s clients $49 per return. LTS budgets that each simple return will require 15 minutes of labor @ $30.00 per hour. The Ghent office performed 1.300 simple returns in 2020. LTS had a favorable labor rate variance of 5720 and an unfavorable labor efficiency variance of $1,050. Determine the actual total labor cost incurred for the 1,300 simple returns. (Do not include a dollar sign as Blackboard will mark the answer as incorrect.)

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