Venetian Company has two production departments, Fabricating and Assembling. At a department managers' meeting, the controller uses flexible budget graphs to explain total budgeted costs. Separate graphs based on direct labor hours are used for each department. The graphs show the following 1. At zero direct labor hours, the total budgeted cost line and the fixed cost line intersect the vertical axis at $54,000 in the Fabricating Department and $45,000 in the Assembling Department. 2. At normal capacity of 55,000 direct labor hours, the line drawn from the total budgeted cost line intersects the vertical axis at $169,500 in the Fabricating Department, and $155,000 in the Assembling Department. State the total budgeted cost formula for each department.(Round cost per direct labor hour to 2 decimal places, e-g. 1.25.) $40 total Foend CotsVeribe Conts or s 17 per direct 16 per dired 42000| total! Fixed Costs :|+|Variable Costs of $ Compute the total budgeted cost for each department, assuming actual direct labor hours worked were 58,000 and 52,000, in the Fabricating and Assembling Departments, respectively Fabricating t Assembling Department The total budgeted costs 139850 $ 113200