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 Second Third ourth Quarter Quarter Quarter Quarter 9, 900 12, 900 10, 900 14, 900 Units to be produced Each unit requires 0.60 direct labour-hours, and direct labour-hour workers are paid $11.00 per hour In addition, the variable manufacturing overhead rate is $1.00 per direct labour-hour. The fixed manufacturing overhead is $27,750 per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7,950 per quarter. Required 1. Prepare the company's direct labour buudget 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 First Quarter Second Quarter Third 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 Culbert Dessert Corporation Manufacturing Overhead Budget Second Quarter Third Quarter Fourth Quarter irs Year Quarter Budgeted direct labour-hours Variable overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Cash disbursements for manufacturing overhead