Direct materials, direct labor and manufacturing overhead budgets: Madden, Inc. manufactures widgets and projects production at 500, 570, 300, and 450 widgets for the next four quarters. Direct materials are $10 per widget. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is $200, and the company desires to end each quarter with 30% of the materials needed for the next quarter's production. Trevor desires a balance of $200 in Raw Materials Inventory at the end of the fourth quarter. Each widget requires 0.75 hours of direct labor at an average cost of $25 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.75 per widget, and fixed overhead is $160 per quarter. Prepare Madden's direct materials budget, direct labor budget, and manufacturing overhead budget for each quarter and for the year. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhead allocation rate to two decimal places. Round other amounts to the nearest whole number