-/1Question 24View PoliciesCurrent Attempt in ProgressTomy Toys is planning to sell 200 action figures and to produce 190 action figures in July. Each action figure requires 100grams of plastic and a half hour of direct labor. The cost of the plastic used in each action figure is $5 perEmployees of the company are paid at a rate of $15.00 per hour. Manufacturing overhead is applied at a rate of 120 % ofdirect labor costs. Tomy Toys has 90,000 grams of plastic in its beginning inventory and wants to have 80,000 grams inits ending inventory. What is the amount of budgeted direct labor cost for the month of July?100 grams.O $1,500.O $1,425.O $2,850.O $3,000.(2 ATthpinsprt schomehzdelete444+&7%5inubackspace6PenterKHpausectreI

Answered: -/1 Question 24 View Policies Current…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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