Open spreadsheet Prepare the direct labor cost budget for March. Round your answers for an hourly rate to two decimal places. Enter all amounts as positive numbers. SEA PINES COMPANY Direct Labor Cost Budget For the Month Ending March 31 Forming Department Assembly Department Total Hours required for production: Junior Pro Striker Total Hourly rate Total direct labor costDirect Labor Cost Budget Sea Pines Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budge two rackets is as follows: Junior Pro Striker Production budget 9,100 units 4,800 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are follows: Forming Department Assembly Department Junior 0.25 hours per unit 0.60 hours per unit Pro Striker 0.35 hours per unit 0.70 hours per unit The direct labor rate for each department is as follows: Forming Department $20.00 per hour Assembly Department $13.00 per hour This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and your answers in the question below. X