InnoVaMI has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $32.50 per hour. During July, the company paid $150,384 to employees for 4,820 hours worked. 2,660 units were produced during July. What is the flexible budget amount for direct labor

Petra contracted to paint bret’s house for $2,000. after beginning the job, petra realizes that the house is really quite big, and she’s not going to make enough profit, so she tells bret she wants another $500 to finish the job. bret doesn’t want to pay more, but he’s afraid that if she walks off the job, he’ll have trouble finding someone else to finish it, so he agrees. is bret legally obligated to pay the extra $500?