Chase Company's production budget is as follows: Budgeted sales in units 300,000 Desired units in inventory, December 31 70,000 370,000 Estimated units in inventory, January 1 50,000 Budgeted units of production 320,000 Each unit takes 30 minutes to produce and the standard labor rate is $18 per labor hour. What is Chase's direct labor budget?
a. $2,880,000
b. $2,700,000
c. $10,800,000
d. $5,760,000
a
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