Cooper Inc. manufactures hammocks under various brand names. The company sells most of its hammocks in the second quarter of each year. Their production budget for the second quarter shows the following number of hammocks need to be produced: April 6,000 units |May 10,000 units 100 May June 15,000 units In addition, each hammock requires 45 minutes of direct labor at a cost of $.25 per minute. The company currently applies manufacturing overhead to production at the rate of $8 per direct labor hour. Prepare a direct labor budget for the month of May. Select one: O O O O a. $111,500 b. $122,500 c. $121,500 d. $112,500 Cooper Inc. manufactures hammocks under various brand names. The company sells most of its hammocks in the second quarter of each year. Their production budget for the second quarter shows the following number of hammocks need to be produced: April 6,000 units 10,000 units May June 15,000 units In addition, each hammock requires 45 minutes of direct labor at a cost of $.25 per minute. The company currently applies manufacturing overhead to production at the rate of $8 per direct labor hour. Prepare a manufacturing overhead budget for the month of May. Select one: o a. $65,000 O b. $62,000 o c. $63,000 O d. $60,000