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Looker Hats is planning to sell 600, and produce felt hats 700 during June. Each hat requires 1/2 yard of felt and 1/4 hour of direct labor. Felt costs $3.00 per yard and employees of the company are paid $20 per hour. How much direct labor should be budgeted for June?
1. $3,5002. $3,0003. $2,4004. $5255. Cannot be determined from the information given.
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