Total Preston 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 Imperial, the Royal, and the Regal 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. Preston Industries Direct Labor Budget For the upcoming Year Imperial Royal Regal 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 cont Total budgeted direct labor cost ustries manufactures three models of a product in a single plant with two departments: Cutting and Assembly. The company has estimated costs product models, the Imperial, the Royal, and the Regal models. he icon to view the direct labor hour information.) (Click the icon to view the unit production information.) unt Eirect labor budget for the upcoming year that shows the budgeted direct labor costs for each department and for the company as a whole. e direct labor budget for the Cutting Department, then the Assembly Department, and finally the company as a whole. Preston Industries - Data Table Data Table The company is currently analyzing direct labor hour requirements for the upcoming year. Cutting Assembly Estimated hours per unit: Imperial 1.1 2.3 Royal 1.0 2.4 Regal 1.4 2.8 Direct labor hour rate $ 13 $ 15 Budgeted unit production for each of the products is as follows: Number of units to be produced Product model: Imperial 520 Royal 750 Regal 860 Print Done 1 Print Done bly by: Direct labor cost per hour eted direct labor cost budgeted direct labor cont