9-16 Direct Labour and Manufacturing Overhead Budgets [LO2] The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit ples to be produced by quarter for the upcoming fiscal year. Units to be produced First Quarter 8,500 Second Third Fourth Quarter Quarter Quarter 11,500 9,500 13,500 Each unit requires 0.40 direct labour-hours, and direct labour-hqur workers are paid $10.50 per hour. In addition, the variable manufacturing overhead rate is $2.00 per direct labour-hour. The fixed manufacturing overhead is $24,250 per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7,250 per quarter. Required: 1. Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecast number of units produced. Culbert Dessert Corporation Direct Labour Budget Second Quarter Third Quarter Fourth Year Quarter Units to be produced Direct labour time per unit (hours) Total direct labour-hours needed Direct labour cost per hour Total direct labour cost First Quarter 2. Prepare the company's manufacturing overhead budget. As per Schedule 5, your manufacturing overhead budget should also include the budgeted cash disbursements for overhead. Culbert Dessert Corporation Manufacturing Overhead Budget Budgeted direct labour-hours Variable overhead rate i Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacturing overhead First Quarter Second Quarter Third Quarter Fourth Quarter Year