Exercise 23-12 a-b Venetian Company has two production departments, Fabricating and Assembling. At a department managers' meeting, the controller uses flexible budget graphs to explain total budgeted costs. Separate graphs based on direct labor hours are used for each department. The graphs show the following. 1. At zero direct labor hours, the total budgeted cost line and the fixed cost line intersect the vertical axis at $46,000 in the Fabricating Department and $38,000 in the Assembling Department. 2. At normal capacity of 49,700 direct labor hours, the line drawn from the total budgeted cost line intersects the vertical axis at $165,280 in the Fabricating Department, and $132,430 in the Assembling Department. Your answer is partially correct. Try again. State the total budgeted cost formula for each department. (Round cost per direct labor hour to 2 decimal places, e.g. 1.25.) N Fabricating Department 46000 total Fixed Costs Variable Costs M H of $ per direct labor hour M Assembling Department 38000 Fixed Costs Variable Costs total + of $ per direct labor hour LINK TO TEXT Your answer is incorrect. Try again. Compute the total budgeted cost for each department, assuming actual direct labor hours worked were 52,700 and 46,700, in the Fabricating and Assembling Departments, respectively. The total budgeted cost Fabricating Department Assembling Department N Click if you would like to Show Work for this question: Open Show Work