McKnight 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 Imperial, the Zoom, and the Royal models. (Click the icon to Cancel direct labor hour information.) (Click the icon to view the unit production information.) Requirement 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. For the Upcoming Year i Data Table Imperial Zoom Royal Total i Data Table Cutting Department Units to be produced 510 760 880 The company is currently analyzing direct labor hour requirements for the upcoming year. 1.7 Budgeted unit production for each of the products is as follows: 1.0 1.3 Number of units to be produced 867 760 Cutting Assembly 1,144 9 9 $ 9 Estimated hours per unit: Product model: Multiply by: Direct labor hours per unit Total cutting hours required Multiply by: Direct labor cost per hour Budgeted direct labor cost Assembly Department Units to be produced 1.7 2.3 Imperial 510 7,803 $ 6,840 $ 10,296 $ 24,939 1.0 2.9 Zoom 760 Imperial Zoom Royal Direct labor hour rate 1.3 2.8 Royal 880 $ 9 12 Multiply by: Direct labor hours per unit Print Done Total assembly hours required Print Done Multiply by: Direct labor cost per hour Budgeted direct labor cost