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The budgeted production ofCapricorn, Inc. is 9,000 units per month. Each unit requires 40 minutes of direct labor to complete. The direct labor rate is

The budgeted production ofCapricorn, Inc. is 9,000 units per month. Each unit requires 40 minutes of direct labor to complete. The direct labor rate is $80 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 nearestdollar.)

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