Riverside Notebook Company plans to produce 45,000 notebooks in 2023. Each notebook requires 3 minutes of assembly time. The assembly labor is paid $16 per hour. Calculate the direct labor cost budget for 2023. Direct Labor Budget Explanation The direct labor budget is a crucial component of the master budget, providing a detailed estimate of labor costs associated with production. It helps in: • • • Determining total labor expenses Planning workforce requirements Supporting other financial budgets • Assisting in cost management and pricing strategies

Riverside Notebook Company plans to produce 45,000 notebooks in 2023. Each notebook requires 3 minutes of assembly time. The assembly labor is paid $16 per hour. Calculate the direct labor cost budget for 2023. Direct Labor Budget Explanation The direct labor budget is a crucial component of the master budget, providing a detailed estimate of labor costs associated with production. It helps in: • • • Determining total labor expenses Planning workforce requirements Supporting other financial budgets • Assisting in cost management and pricing strategies