Assume that a company provided the following information and assumptions from its master budget Sales 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 sales. Direct labor budget. The direct labor-hours required per unit is 150 hours. The direct labor cost per hour is $18. What is the budgeted direct labor cost for July