1. Based on the table, add the monthly direct labor cost and determine the total budget for Equipment investment and Direct Labor Cost. (show all calculations)

Month Volume Days Machine Capacity Number of Machines Employees per Machine Fringe Benefits Hourly Wage Hours per Shift Shift Differential 1 Shift Differential 2 January 18,000 15 100 per hour 2 4 30% $10 8 $0.50 $1.00 February 28,000 20 100 per hour 3 4 30% $10 8 $0.50 $1.00 March 40,000 25 100 per hour 1 4 30% $10 8 $0.50 $1.00