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In 2020, Top-Spin Racquet Company produced 64,000 tennis racquets and incurred total Direct Material costs of $2,240,000. Top-Spin expects materials costs to increase by 5%

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In 2020, Top-Spin Racquet Company produced 64,000 tennis racquets and incurred total Direct Material costs of $2,240,000. Top-Spin expects materials costs to increase by 5% in 2021 and expects to produce 68,000 tennis racquets in 2021. What is Top-Spin's total budgeted Direct Materials cost for 2021? $2,352,000 $2,380,000 $2,240,000 $2,499,000

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