The budgeted production of Capricorn, Inc. is 10,000 units per month. Each unit requires 40 minutes of direct labor to complete. The direct labor rate is $100 per hour. Calculate the budgeted cost of direct labor for the month. (Round any intermediate calculations to the nearest cent and your final answer to the nearest dollar.) $666,667 $25,000 $1,000,000 $266,667