Magnum CoHas Provided the Following Information for Last Year The Total Labor Cost (Rounded)is:
A) $293,325

question 29

Multiple Choice

Magnum Co.has provided the following information for last year:
$$\begin{array} { | l | r | l | } \hline \text { Gallons input } & \$ 20,000 & @ \$ 15 \text { gallon } \\\hline \text { Labor costs } & ? ? ? & \\\hline \text { Overhead costs } & \$ 250,000 & \\\hline \text { Gallons finished } & 16,000 & \begin{array} { l } @ \text { selling price of } \\\$ 55 \text { igallon }\end{array} \\\hline \begin{array} { l } \text { Total factor } \\\text { productivity }\end{array} & 1.1733 & \\\hline\end{array}$$ The total labor cost (rounded) is:

• A) $293,325.
• B) $482,500.
• C) $468,750.
• D) $200,021.