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. Units to be produced First Second Third Fourth Quarter Quarter Quarter Quarter 9,300 12,300 10,300 14,300 Each unit requires 0.40 direct labour-hours, and direct labour-hour workers are paid $9.00 per hour. In addition, the variable manufacturing overhead rate is $1.00 per direct labour-hour. The fixed manufacturing overhead is $26,250 per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7,650 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 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 Budgeted direct labour-hours Variable overhead rate Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead First Quarter Second Quarter Third Quarter Fourth Quarter Year $ 0 $ 0 $ 0 $ 0 $ 0 + 0 0 0 0 0 Cash disbursements for manufacturing overhead $ 0 $ 0 $ 0 $ 0 $ 0