Obj. 4 EX 7-12 Direct labor cost budget Total direct labor Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker st, Assembly, $31,080 models. The production budget for July for the two rackets is as follows: Junior Pro Striker Production budget 1,500 units 6,200 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department Junior 0.16 hr. per unit 0.24 hr. per unit Pro Striker 0.20 hr. per unit 0.30 hr. per unit The direct labor rate for each department is as follows: Forming Department Assembly Department Prepare the direct labor cost budget for July. $18 per hour $14 per hour