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A manufacturing company has a budgeted production of 10,000 units. Each unit requires 5 pounds of material at $2 per pound and 3 hours of

A manufacturing company has a budgeted production of 10,000 units. Each unit requires 5 pounds of material at $2 per pound and 3 hours of direct labor at $15 per hour. If the company desires an ending inventory of 1,000 units and beginning inventory is 500 units, calculate the total budgeted cost of materials and direct labor.

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