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Direct Labor Cost Budget Grewett Publishers Inc. budgeted production of 60,000 diaries in 2016. Each diary requires assembly. Assume that five minutes are required to

Direct Labor Cost Budget Grewett Publishers Inc. budgeted production of 60,000 diaries in 2016. Each diary requires assembly. Assume that five minutes are required to assemble each diary. If assembly labor costs $16.75 per hour, determine the direct labor cost budget for 2016. Do not round your intermediate calculations but, if required, round your final answer to the nearest dollar

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