You oversee the annual budget process and need to compile the labour budget for the year ended February 2017. The unit production budget is as follows: Labour information: The company has twenty (20) employees, working a nine (9) hour day, five (5) days a week, forty-eight (48) weeks per annum. Overtime hours are available. The labour rate is R75 per hour and overtime is payable at time and a half. Owing to a recent upgrade on the machinery, employees work at eighty (80%) efficiency. Required: Calculate the total labour budget in rand value to achieve the above-mentioned production volumes