3.) The direct labor budget of Faver Corporation for the upcoming year contains the following details concerning budgeted direct labor-hours. The company's variable manufacturing overhead rate is $4.00 per direct labor-hour, and the company's fixed manufacturing overhead is $60,000 per quarter. The only noncash item included in the fixed manufacturing overhead is depreciation which is $20,000 per quarter. Required: Prepare Faver Corporation's manufacturing overhead budget for the upcoming fiscal year. Show both manufacturing overhead expense and cash disbursements for manufacturing overhead