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 $45,000 in the Fabricating Department and $35,000 in the Assembling Department 2. At normal capacity of 45,000 direct labor hours, the line drawn from the total budgeted cost line intersects the vertical axis at $121,500 in the Fabricating Department, and $84,500 in the Assembling Department. (a) Your answer is correct. State the total budgeted cost formula for each department. (Round cost per direct labor hour to 2 decimal places, e.g. 1.25.) Fabricating Department - $ 45000 total Feed Costs . + Variable costs of $ 1.7 per direct labor hour Assembling Department - $ 35000 total Fixed Costs + Variable costs of $ per direct labor hour e Textbook and Media Assistance Used Attempts: 1 of 5 used (b) Compute the total budgeted cost for each department, assuming actual direct labor hours worked were 48,000 and 42,000. In the Fabricating and Assembling Departments, respectively. Fabricating Department Assembling Department Assistance Used Attempts: 1 of 5 used (b) Compute the total budgeted cost for each department, assuming actual direct labor hours worked were 48,000 and 42,000, in the Fabricating and Assembling Departments, respectively, Fabricating Department The total budgeted cost $ Assembling Department cTextbook and Media Assistance Used e Textbook Save for Later Attempts: 0 of 5 used Submit