3 Manny Chum, the owner of MC Limited, prepared the following 2019 direct labor budget: out of MC Limited Direct Labor Budget For the Year Ended September 30, 2019 01 Q2 03 Q4 Budgeted Direct Labor Hours 32,000 29,000 50,000 45,000 Direct Labor Cost per Direct Labor Hour $18 $12 $14 $13 Budgeted Direct Labor Costs $576,000 $348,000 $700,000 $585,000 For 2019, Manny budgets $530,400 of manufacturing overhead. The budgeted manufacturing overhead cost is normally allocated based on the budgeted direct labor hours