Question

a company budgets production of 15,000 solar panels in july. each unit requires 4 hours of direct labor at a rate of $20 per hour. the cost of direct labor for july is:

Answer 1

The Labor cost = Units Produced * Direct Labor hours per Unit * Direct Labor rate per Hour is  $ 1,200,000.

= 15,000 * 4 * $20

= $ 1,200,000

Answer: $ 1,200,000

Production is the process of combining various tangible and intangible inputs (plans, knowledge) to produce things for consumption (outputs). It is the act of creating output, goods, or services that are of value and contribute to an individual's benefit.

An example of production is the manufacture of automobiles. A car is made up of parts. For example, rubber tires are added to a metal body to create a seat before the car leaves the assembly line. “Production is the organized activity of transforming resources into final products in the form of goods and services. The goal of production is to meet the demand for such transformed resources.

Learn more about production  here:

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