Sherrer Company has two production departments: fabricating and assembling. At a department managers' meeting the controller uses flexible budget graphs to explain the total budgeted costs, Separate graphs based on direct labour hours are used for each department. The graphs show the following At zero direct labour hours, the total budgeted cost line and the foed cost line intersect the vertical axis at 549,000 in the fabricating department and at $41,000 in the assembling department At normal capacity of 47,800 direct labour hours, the line drawn from the total budgeted cost line intersects the vertical ads at $130.260 in the fabricating department, and $136,600 in the assembling department 1 2 State the total budgeted cost formula for each department. (Round cost per direct labour hour to 2 decimal places, es 1.25) Fabricating Department $ total of S Assembling Department $ total of $ Calculate the total budgeted cost for each department, assuming actual direct labour hours worked were 50,800 and 44,800 in the fabricating and assembling departments, respectively Fabricating Department Assembling Department The total budgeted cost S s ments: fabricating and assembling At a department managers meeting, the controller al budgeted costs. Separate graphs based on direct labour hours are used for each budgeted cost line and the fixed cost line intersect the vertical axis at $49.000 in the 30 in the assembling department abour hours, the line drawn from the total budgeted cost line intersects the vertical apartment, and $136,600 in the assembling department. each department Round cost per direct labour hour to 2 decimal places, eg 1.25.) total V of $ per direct labour hour - total of $ per direct labour hour