Current Attempt in Progress Coronado Industries is planning to produce 700 composting bins and sell 480 composting bins during March. Each composting bin requires 500 grams of plastic and one-half hour of direct labor. Plastic costs $10 per 500 grams and employees of the company are paid $20 per hour. Manufacturing overhead is applied at a rate of 120% of direct labor costs. Coronado has 300 kilos of plastic in beginning direct materials inventory and wants to have 400 kilos in ending direct materials inventory. What is total amount budgeted for direct labor in March? O $8000 O $7000 $140000 O $16000