Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models, The production budoct for 2 lily for the two rackets is as follows: Both rackets are produced in two departments, Forming and Assembly. The direct labor hours requlred for each racket are estimated as follows: The direct labor rate for each department is as jonows: Drenare the direct laber cost budget for July. Prepare the direct labor cost budget for July