Direct labor cost budget Rip Court Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for March for the two rackets is as follows Junior Pro Striker Production budget 2,800 units 8,200 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 0.15 hour per unit 0.25 hour per unit Pro Striker 0.20 hour per unit 0.30 hour per unit The direct labor rate for each department is as follows: Forming Department $15 per hour Assembly Department $12 per hour This information has been collected in the Microsoft Excel Online nie. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Open spreadsheet Prepare the direct labor cost budget for March Rip Court Racket Company Direct Labor Cost Budget Prepare the direct labor cost budget for March Rip Court Racket Company Direct Labor Cost Budget For the Month Ending March 31 Forming Assembly Department Department Hours required for production: Junior Pro Striker Total hours required IM Hourly rate X $ Total direct labor cost