Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows: Pro Striker Production budget Junior 8,300 units 22,400 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 Junior Pro Striker Assembly Department 0.25 hour per unit 0.40 hour per unit 0.35 hour per unit 0.60 hour per unit The direct labor rate for each department is as follows: Forming Department Assembly Department $14.00 per hour $10.00 per hour Prepare the direct labor cost budget for July. Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31 Forming Department Assembly Department Hours required for production: Junior Pro Striker