Direct Labor Cost Budget Daybook Inc. budgeted production of 403,500 personal journals in 2016. Each journal requires assembly. Assume that eight minutes are required to assemble each journal. If assembly labor costs $13.00 per hour, determine the direct labor cost budget for 2016. Round your interim calculations to nearest cent, if required. 53,800 x Feedback Check My Work Use minutes for your base calculation and then convert to hours. Compute the total minutes required to assemble the number of journal produced. Then convert to hours