5. Swanson Company is preparing its direct labor budget for 2022 from the following production budget based on a calendar year: Quarter 12 3 4 Units 35,000 40,000 62,000 55,000 Each unit requires 2 hours of direct labor. The union contract provides for a 10% increase in wage rate to $11 per hour on October 1. Instructions Prepare a direct labor budget for 2022.