Hoffman Industries manufactures three models of a product in a single plant with two departments: Cutting and Assembly. The company has estimated costs for each of the three product models, the Zoom, the Rocket, and the Royal models. (Click the icon to view the direct labor hour information.) Requirement (Click the icon to view the unit production information.) Prepare a direct labor budget for the upcoming year that shows the budgeted direct labor costs for each department and for the company as a whole. Prepare the direct labor budget for the Cutting Department, then the Assembly Department, and finally the company as a whole. Cutting Department Units to be produced Multiply by: Direct labor hours per unit Total cutting hours required Multiply by: Direct labor cost per hour Budgeted direct labor cost Hoffman Industries Direct Labor Budget For the Upcoming Year Zoom Rocket Royal Total Data table The company is currently analyzing direct labor hour requirements for the upcoming year. Estimated hours per unit: Zoom Rocket Royal Direct labor hour rate .... $ Cutting Assembly 1.7 2.8 1.1 2.1 1.9 2.7 8 $ 11 Data table Budgeted unit production for each of the products is as follows: Number of units to be produced Product model: Zoom Rocket 520 700 Royal 830