Novak Company is preparing its direct labor budget for 2022 from the following production budget based on a calendar year: Quarter Units 1 58.000 2 35,000 3 49,000 4 74,000 Each unit requires 2 hours of direct labor. The union contract provides for a 10% increase in wage rate to $22 per hour on October 1. Prepare a direct labor budget for 2022. NOVAK COMPANY Direct Labor Budget First Quarter Second Quarter Third Quarter $ $ $ Novak Company is preparing its direct labor budget for 2022 from the following production budget based on a calendar year: Quarter Units 1 58.000 2 35,000 3 49,000 4 74,000 Each unit requires 2 hours of direct labor. The union contract provides for a 10% increase in wage rate to $22 per hour on October 1. Prepare a direct labor budget for 2022. NOVAK COMPANY Direct Labor Budget Second Quarter Third Quarter Fourth Quarter Total $ $ $ $