The Company uses both standards and budgets. For the year, estimated production

of Product X is 500,000 units. Total estimated cost for materials and labor are $1,200,000 and

$1,600,000.

Compute the estimates for a budgeted cost:

Group of answer choices

A) Materials $1,000,000 and labor $500,000.

B) Materials $1,600,000 and labor $500,000.

C) Materials $1,600,000 and labor $1,200,000.

D) Total are $2,500,000