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Zhang Industries budgets production of 300 units in June and 310 units in July.Each unit requires 1.5 hours of direct labor.The direct labor rate if $14 per hour.The indirect labor rate is $21.00 per hour.Compute the budgeted direct labor cost for July.
Cost of Goods Sold
Expenses directly linked to the production of a company's merchandise for sale, including both materials and labor costs.
Departments
Distinct areas or divisions within an organization, each dedicated to a specific function or purpose.
Dollar Gross Profit
The total amount of money a company makes after subtracting the costs directly associated with producing its goods or services.
Net Sales
The amount of sales revenue left after deducting sales returns, allowances, and discounts from the total gross sales.
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