The total factory overhead for big light company is budgeted for the year at $807,500. big light manufactures two different products - night lights and desk lamps. night lights is budgeted for 60,000 units. each night light requires 1/2 hour of direct labor. desk lamps is budgeted for 80,000 units. each desk lamp requires 2 hours of direct labor. determine the total number of budgeted direct labor hours for year.

"in the electricity industry, low average total costs are obtained only through large-scale production. in other words, the initial cost of setting up all the necessary wiring makes it risky and, most likely, unprofitable for competitors to enter the market. throughout much of the 20th century, many people viewed south africa’s de beers group as a monopoly because it controlled a large percentage of diamond production and sales. patents are granted to inventors of a product or process for a certain number of years. the reason for this is to encourage innovation in the economy. without the existence of patents, it is argued, research and development for improved electronics is unlikely to take place, since there’s nothing preventing another firm from stealing the idea, copying the product, and producing it without incurring the devel opment costs."which of the following best explains the barriers to entry that exist in this scenario? increasing returns to scale legal barriers exclusive ownership of a necessary resource