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What is the labor cost budget for the year

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Question - The budgeted production for the next financial year is 36,000 units. The unit of production needs 4 labor hours and $12 per hour as the budgeted labor rate for ordinary hours. If the idle time is projected to be 10$ of all working hours available and the labor shortage will be 20% of all hours paid, but will still be paid as overtime at half the normal time, what is the labor cost budget for the year?

Reference no: EM132190393

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