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Problem - Five hours of labor are allowed per unit of a product at the rate of P30 per hour. Budgeted production volume for June is 16,000 units. Total regular working hours for June is 160 per worker.
Required -
1) What is the estimated number of labor hours required to produce the 16,000 units?
2) How many workers must be made available for the production in June?
3) How much must be the budgeted labor cost for June?
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