0.75 hours of direct labor at an average cost of $55 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. The company has prepared the following budgets: Click the icon to view the budgets.) amounts to two decimal places. Kelvin, Inc. Direct Materials Budget For the Year Ended December 31 Kelvin, Inc. Direct Labor Budget For the Year Ended December 31 Kelvin, Inc. Manufacturing Overhead Budget For the Year Ended December 31