Rifat 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 Economy, the Standard, and the Premium models. The company is currently analyzing direct labor hour requirements for the upcoming year. Estimated hours per unit: Cutting Assembly Number of units to be produced Economy 1.2 2.8 510 Standard 1.3 2.2 700 Premium 1.4 2.1 860 Direct labor hour rate $10 $12

Prepare a direct labor budget for the upcoming year that shows the budgeted direct labor costs for each department and for the company.