Preparing a direct labor budget. The production budget for the Palmer Company, Inc., calls for manufacturing 90,200 units of a product during 19X5. Each unit is expected to require 24 hours of labor in the Forming Department at a rate of $10.20 per hour and 14 hours of labor in the Finishing Department at a rate of $7.50 per hour. Prepare the direct labor budget for the company for 19X5.