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GrayCo. budgeted production of 5,000 bracelets and 7,000 necklaces for January. Each bracelet requires 15 minutes of labor, and each necklace requires 9 minutes of

GrayCo. budgeted production of 5,000 bracelets and 7,000 necklaces for January. Each bracelet requires 15 minutes of labor, and each necklace requires 9 minutes of labor. If labor costs are $15 per hour, the direct labor cost budget for January is

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