Jillian Inc. produces leather handbags. The production budget for the next four months is: July 5,800 units, August 7,000, September 7,800, October 8,100. Each handbag requires 1.5 hours of unskilled labor (paid $18 per hour) and 2.5 hours of skilled labor (paid $25 per hour). What will be the total labor cost for the month of August? Multiple Choice $140.940 $161,000 $437,500 $626,500