The budgeted production of Capricorn, Inc. is 10,000 units per month. Each unit requires 20 minutes of direct labor to complete. The direct labor rate is $100 per hour. Calculate the budgeted cost of direct labor for the month. (Round any intermediate calculations to the nearest cent and your final answer to the nearest dollar.)

The budgeted cost of direct labor for the month is $333,333.

Explanation:

This question can be solved using rules of three.

The direct labor rate is $100 per hour.

Each unit requires 20 minutes of direct labor to complete.

An hour has 60 minutes, so in an hour, 60/20 = 3 units can be made.

This means that the cost of 3 units is $100.

10,000 units per month.

How much do 10,000 units cost?

3 units - 100

10,000 units - $x

The budgeted cost of direct labor for the month is $333,333.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know