Q1) Looker Hats is planning to sell 600, and produce felt hats 700 during June. Each hat needs 1/2 yard of felt and 1/4 hour of direct labour. Felt costs $3.00 per yard and employees of company are paid $20 per hour. How much direct labour must be budgeted for June?
i) $3,500
ii) $3,000
iii) $2,400
iv) $525
v) Cannot be find out from information given.