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Determine the amount that should be budgeted

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Reference no: EM132667404

Soxy company is considering its forthcoming projections for budget purposes. Soxy manufactures a product requiring 0.5 grams of platinum per unit. The cost of platinum is approximately $360 per gram. Soxy maintains an ending inventory of platinum equal to 10% of the following month's production. The following data were taken from the most recent quarterly production budget.

                                               July                          August                    September
Planned Production (units)             1,000                     1,100                    980

Problem 1: If each unit takes 2.5 direct labour hours to produce and Soxy's cost per labour hour is $15, determine the amount that should be budgeted for direct labour in September.

Select one:

a. $115,500
b. $ 36,750
c. $ 14,700
d. $ 18,375
e. $ 5,880

Reference no: EM132667404

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