The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted direct labor-hours 8,600 8,500 8,800 8,200 The company's variable manufacturing overhead rate is $2.75 per direct labor-hour and the company's fixed manufacturing overhead is $54,000 per quarter The only noncash item included in fixed manufacturing overhead is depreciation, which is $13,500 per quarter Required 1. Complete the company's manufacturing overhead budget for the upcoming fiscal year Yuvwell Corporation Manufacturing overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year 23.650 23.375 24.200 22.550 93.775 Variable manufacturing overhead 54,000 216.000 54,000 Fixed manufacturing overhead 54,000 54,000 78,200 76,550 309.775 Total manufacturing overhead 77,650 77,375 13,500 54,000 Less depreciation 13,500 13,500 13,500 Cash disbursements for manufacturing overhead S 64,150 G 63,875 S 64,700 G 63,050 255,775