Problem 9-16 Direct Labour and Manufacturing Overhead Budgets [LO2] The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit pies to be produced by quarter for the upcoming fiscal year First Quarter 9,200 Second Quarter 12,200 Third Nanter 10,200 Fourth Quarter 14,200 Units to be produced Each unit requires o 30 direct labour hours, and direct labour hour workers are pold $9.50 per hour In addition, the variable manufacturing overhead rate is $150 per direct labour-hour . The fixed manufacturing overhead is $26.000 per quarter. The only non cash element of manufacturing overhead is depreciation, which is $7600 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 Colbert Dessert Corporation Direct Lnbour Hudget Second Third Quarter Quarter Quarter Fourth Quarter Year Units to be produced Direct labour time per unit (hours) Total direct labour-hours needed Direct labour cost per hour Total direct labour cost 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 Guibert Dossen Corporation Manufacturing Overhead Budget Socand Quarter Quarter Third Quarter Fourth Quinto Year Budgeted direct labour hours Variable overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacturing overhead