Jay Company has budgeted production of units for the next three months as follows: Every unit produced requires 2.5 direct labor hours to make and direct laborers are paid $16 per hour. The company is currently preparing a direct labor budget. Assume that Jay Company pays 70% of its direct labor in the same month the employee works and pays the other 30% in the month after the employee works. Calculate the budgeted cash payments for direct lab for the month of March