McKnight Industries manufactures three models of a product in a single plant with two departments: Cutting and Assornbly. The company has estimated costs for each of the three product models, the Imperial, the Zoom, and the Royal models (Click the icon to view the 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. i Data Table Budgeted unit production for each of the products is as follows: Prepare the direct labor budget for the Cutting Department, then the Assembly Department, and finally the company as a whole. Mcknight Industries Direct Labor Budget 0 Data Table For the Upcoming Year Imperial Zoom Royal Total The company is currently analyzing direct labor hour Cutting Department requirements for the upcoming year. Units to be produced Cutting Assembly Multiply by: Direct labor hours per unit Estimated hours per unit: Total cutting hours required Imperial 1.7 2.3 Multiply by: Direct labor cost per hour Zoom 1.0 2.9 Budgeted direct labor cost Royal 1.3 2.8 Direct labor hour rate..... $ 9 S S 12 Number of units to be produced Product model: Imperial 510 Zoom 760 Royal 880 Print Done Print Done Enter any number in the edit fields and then click Check