Mathematics · Cost & Management Accounting - Labour Costing
Budgeted production in a factory for the next period is 4,800 units. Each unit requires five labour hours to make. Labour is paid $10 per hour. Idle time represents 20% of the total labour time. What is the budgeted total labour cost for the next period?
- 1$320,000
- 2$300,000✓
- 3$288,000
- 4$240,000
Correct answer
$300,000
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