Direct Labor Cost Budget 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: Production budget Junior Pro Striker 1,500 units 6,200 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 Assembly Department Junior Pro Striker 0.16 hour per unit 0.20 hour per unit 0.24 hour per unit 0.30 hour per unit The direct labor rate for each department is as follows: Forming Department Assembly Department $18.00 per hour $14.00 per hour Prepare the direct labor cost budget for July.