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Question - Concord Corporation is planning to sell 1200 boxes of ceramic tile, with production estimated at 1170 boxes during May. Each box of tile requires 40 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.30 per pound and employees of the company are paid $10 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Concord has 3800 pounds of clay mix in beginning inventory and wants to have 4500 pounds in ending inventory. What is the total amount to be budgeted for direct labor for the month?
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This individual assignment is based on the TerraCycle Inc.
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