Erie company manufactures a small mp3 player called the jogging mate. the company uses standards to control its costs. the labor standards that have been set for one jogging mate mp3 player are as follows: standard hours standard rate per hour standard cost 24 minutes $5.40 $2.16 during august, 8,540 hours of direct labor time were needed to make 19,600 units of the jogging mate. the direct labor cost totaled $45,262 for the month. required: 1. according to the standards, what direct labor cost should have been incurred to make 19,600 units of the jogging mate? by how much does this differ from the cost that was incurred?

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?