Riggins, tinc, manufactures one product called tybos, The company uses a standard cost system and selk each tyto for S8. At the start of monthlyproduction, Rigsins estimated 9500 tybos would be produced in March. Rigsins has established the following makeriat and labor standards to produce one tybo: During March 2019 , the following activity was recorded toy the company relating to the production of tybos: 1. The company produced 9.000 units during the month 2. A fotal of 24.000 pounds of materials were purchased at a cost of 5606000 3. A total of 24,000 pounds of materialswere used in prodiction. 4. 5,000 hours of labor were incurred during the month at a fotal wase cost of 555,000