(Answered) Problem direct labor cost budgetstevenson publishers inc

Accounting

Problem: Direct Labor Cost Budget

Stevenson Publishers Inc. budgeted production of 36,000 diaries in 2016. Each diary requires assembly. Assume that two minutes are required to assemble each diary.

If assembly labor costs $10.25 per hour, determine the direct labor cost budget for 2016. Do not round your intermediate calculations but, if required, round your final answer to the nearest dollar.

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