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A manufacturing company has budgeted production of 8,000 units. Each unit requires 4 pounds of material at $2 per pound and 2 hours of direct

A manufacturing company has budgeted production of 8,000 units. Each unit requires 4 pounds of material at $2 per pound and 2 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, what is the total budgeted cost of materials and direct labor?

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