Question 41 of 50 < > View Policies Current Attempt in Progress -/8 E 1 Flint, 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, Flint estimated 9.700 tybos would be produced in March. Flint has established the following material and labor standards to produce one tybo: Standard Quantity Standard Price Direct materials 2.5 pounds $3 per pound Direct labor 0.6 hours $10 per hour During March 2022, the following activity was recorded by the company relating to the production of tybos: 1. The company produced 9.500 units during the month. 2. A total of 24,600 pounds of materials were purchased at a cost of $67,650. 3. A total of 24,600 pounds of materials were used in production. 4. 5,440 hours of labor were incurred during the month at a total wage cost of $59,840.