The LFG Corporation Makes and Sells a Single Product, Product

question 140

Multiple Choice

The LFG Corporation makes and sells a single product, Product T. Each unit of Product T requires 1.4 direct labor-hours at a rate of $9.80 per direct labor-hour. The direct labor workforce is fully adjusted each month to the required workload. LFG Corporation needs to prepare a Direct Labor Budget for the second quarter of next year. The company has budgeted to produce 24,000 units of Product T in June. The finished goods inventories on June 1 and June 30 were budgeted at 600 and 800 units, respectively. Budgeted direct labor costs for June would be:

• A)$332,024
• B)$329,280
• C)$235,200
• D)$326,536

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Definitions:

Group Processes

The various phases and dynamics through which a group moves as it accomplishes its objectives, including communication, decision-making, and leadership.

Unique Identity

The distinct characteristics and qualities that make an individual or entity distinguishable from others.

Interacting Group

A collection of individuals who communicate and work with each other directly to achieve common goals.

Identical Skills

Skills or competencies that are exactly the same across two or more individuals.