Assume a companys budgeted unit sales and its required production in units for April are 98,000 units and 96,000 units, respectively. The direct labor-hours required per unit is 1.50 hours and the direct labor wage rate is $19.50 per hour. What is the budgeted direct labor cost for April?

Multiple Choice

1) $2,866,500

2) $2,853,267

3) $2,808,000

4) $2,847,333