Beocca & Hild Co. manufactures row boats and projects production at 520, 590, 250 and 430 units for the next four quarters. Direct materials are $30.00 per unit. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is $1,900, and the company desires to end each quarter with 20% of the materials needed for the next quarter's production. Beocca & Hild Co. desires a balance of $2,570 in Raw Materials Inventory at the end of the fourth quarter. Each unit will require 1.30 hours of direct labor at an average cost of $20 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $1.70 per unit, and the fixed overhead is $190 per quarter. Prepare Beocca & Hild Co. direct materials budget, direct labor budget, and manufacturing overhead budget for the year. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). Beocca & Hild Co. Direct Materials Budget For the Year Ended December 31 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Total Budgeted units to be produced Direct materials cost per unit Direct materials needed for production Plus: Desired direct materials in ending inventory Total direct materials needed Less: Direct materials in beginning inventory Budgeted purchases of direct materials 4th Qtr. Total Beocca & Hild Co. Direct Labor Budget For the Year Ended December 31 1st Qtr. 2nd Qtr. 3rd Qtr. Budgeted units to be produced Direct labor hours per unit Direct labor hours needed for production Direct labor costs per hour Budgeted direct labor costs Beocca & Hild Co. Manufacturing Overhead Budget For the Year Ended December 31 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Total Budgeted units to be produced Variable overhead cost per unit Budgeted variable overhead Budgeted fixed overhead Budgeted manufacturing overhead costs Direct labor hours Predetermined overhead allocation rate (per direct labor hour