11. The production department of Priston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year. Units to be produced.... Q1-8,000 Q2-9.000 Q3 - 10,000 Each unit requires three pounds of raw material that costs $2.50 per pound. Management desires to end each quarter with a raw materials inventory equal to 20% of the following quarter's production needs. Each unit requires 0.40 direct labor-hours and direct labor-hour workers are paid $11 per hour. Instructions: Prepare the company's direct materials budget for six months (Quarter 1 and Quarter 2) b) Construct the company's direct labor budget for Quarter 1 and Quarter 2. If the number of required direct labor-hours is less than this number, the workers are paid for 3,200 hours anyway. Any hours worked in excess of 3,200 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.