Birect labor cost budget Provo Rackec Company manufscheres two types af tennis rackets; the Youth and Adult modeis, The production budget for July for the two rackets is as follows: Both rackets are produced in two departments. Forming and Assembly. The direct labor hours required for each racket are estimated as follows: The direct laber rate for each department is as follows: Forming Department 515.00 per hour Assembiy Department $10.00 per hour Prepare the direct labor cost budget for July