LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 5 hours of direct labor at the rate of $10 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 40,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 200 and 100 units, respectively. Budgeted direct labor costs for June would be: a) $1,984,325 b) $1,974,175 c) $1,995,000 d) $564,050