"The Gerald Company makes and sells a single product called a Clop. Each Clop requires the use of 2.1 hours of direct labor time. The planned cost of direct labor time is $8.20 per hour. The direct labor workforce is fully adjusted each month to the required workload. The company wishes to prepare a Direct Labor Budget for the first quarter of the year If the company has budgeted to produce 20,000 Clops in January, then the budgeted direct labor cost for January is?