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2022 XTREME BILLIARDS BUDGET PROBLEM: Xtreme Billards manufactures pool tables. Below are Xtreme Billiards' actual 2021 results. Where applicable, the 2021 per unit revenues and costs are shown in parentheses. Assume that materials costs are expected in increase by 6% and labor costs are expected to increase by 10% in 2022. All other costs are expected to increase by 5%. Xtreme Billiards' 2022 tax rate is expected to be -25%. The company expects to increase its selling prices by 5% in 2022 and expects to produce and sell 25,000 pool tables in 2022. 2021 ACTUAL BUDGETED Performance Performance Sales Revenue ($2,00 per table in 2021) $44,000,000 Variable Costs Direct Materials ($450 per table in 2021) 9.900,000 Direct Labor ($850 per table in 2021) 18,700,000 ??? Fixed Costs Indirect Labor 4,300,000 Advertising & Other Miscellaneous 4,525,000 Income Taxes 1,645,000 Profit $4,930,000 What is the budgeted Direct Labor cost for 2022? Indirect Labor Advertising & Other Miscellaneous Income Taxes Profit 4,300,000 4,525,000 1,645,000 $4,930,000 What is the budgeted Direct Labor cost for 2022? $20,570,000 $24,560,000 $23,375,000 $21,250,000