IC Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production booget for July for the two ackets is as follows Junior Pro Striker Production budget 5.900 units 19,200 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racketare estimated as follows Forming Department Assembly Department Junior 0.20 hour per unit 0.50 hour per unit Pro Striker 0.30 hour per unit 0.70 hour per unit The direct labor rate for each department is as follows: Forming Department $20.00 per hour Assembly Department $8.00 per hour Prepare the direct labor cost budget for July Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31 Forming Department Hours required for production Junior Assembly Department Pro Striker Total Coooo biot Hourly rate Total direct labor cost Previous Net) Save and Lot Submit Assignment for Grading Check My Work Emad Instructor All work saved 347 PM 1/25/2001 75F