The LFM Company makes and sells a single product, Product T. Each unit of Produc

Question

The LFM Company makes and sells a single product, Product T. Each unit of Product T requires 2.30 hours of direct labor at a rate of $8.60 per direct labor-hour. LFM Company needs to prepare a Direct Labor Budget for the second quarter of next year.


The company has budgeted to produce 24,100 units of Product T in June. The finished goods inventories on June 1 and June 30 were budgeted at 560 and 870 units, respectively. Budgeted direct labor costs for June would be:

$480,698
$478,198
$476,698
$476,248

Please Show WOrk

Explanation / Answer

24,100*2.30 *8.60= 476,698.

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