The company is currently analyzing direct labor hour requirements for the upcoming year. Cutting Assembly Estimated hours per unit: Flash 1.5 2.6 Rocket 1.0 2.7 Zoom 1.9 2.8 Direct labor hour rate ....$ 12 $ 15 Budgeted unit production for each of the products is as follows: Number of units to be produced Product model: Flash 590 Rocket 790 Zoom 800 Smith 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 Flash, the Rocket, and the Zoom 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. Total Prepare the direct labor budget for the Cutting Department, then the Assembly Department, and finally the company as a whole. Smith Industries Direct Labor Budget For the upcoming Year Flash Rocket Zoom 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