Assume that a company provided the following information and assumptions from its master budget: Soles budget: Unit sales in June, July, and August are 20,000, 18,000, and 17,000, respectively. The selling price per unit is $80. All sales are on account. 20% of sales are collected in the month of sale and 80% are collected in the next month, Production budget: The ending finished goods inventory is always 25% of next month's unit soles. Direct labor budget. The direct labor hours required per unit is 1.50 hours. The direct lobor cost per hour is $18; What is the budgeted direct labor cost for July? Multiple Choice $474,000 $479,250 $482.250