Osborne 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 Royal, the Rocket, an the Imperial 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. Prepare the direct labor budget for the Cutting Department, then the Assembly Department, and finally the company as a whole. Osborne Industries Direct Labor Budget For the upcoming Year X Data Table Data Table Cutting Department Units to be produced Multiply by: Direct la Total cutting hours Multiply by: Direct le Budgeted direct labe Budgeted unit production for each of the products is as follows: Number of units to be produced Product model: Royal 590 Rocket 740 Imperial 840 The company is currently analyzing direct labor hour requirements for the upcoming year. Cutting Assembly Estimated hours per unit: : Royal 1.7 2.7 Rocket 1.4 2.6 Imperial 1.9 2.5 Direct labor hour rate $ 13 S $ 16 Print Done Print Done Royal Flash Regal Total Cutting Department Units to be produced 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 Multiply by: Direct labor hours per unit Total assembly hours required Multiply by: Direct labor cost per hour Budgeted direct labor cost Total budgeted direct labor cost MOTII