3 rect _abor Cost Budget lr'latchPoint Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The product or budget for March for the two rackets is as follows: Junior Pro Striker Production budget 8.400 units 20,800 units Both rackets are produced in two departments. Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department Junior 0.2 hour per unit 0.4 hour per unit Pro Striker 0.35 hour per unit 0.6 hour per unit The direct labor rate for each department is as follows: Forming Department $15 per hour Assembly Department 59 per hour Prepare the direct labor cost budget for March. MatehPoint Racket Company:r Direct Labor Cost Budget For the Month Ending March 31 Forming Assembly Department Department Hours required for production: Junior Pro Striker Cl Q Total hours required C] D D Hourh,r rate X Total direct labor cost