The Production Department of Dell Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced........... 1* Quarter 2nd Quarter 3rd Quarter4h Quarter 12.000 10.000 13.000 14.000 Each unit requires 3 pounds of direct materials and the purchase price is $4 per pound. The unit also requires 0.2 direct labor-hours and direct labor are paid $12.00 per hour. In addition, the variable manufacturing overhead rate is $1.75 per direct labor-hour. The fixed manufacturing overhead is $86,000 per quarter including the depreciation. The only noncash element of manufacturing overhead is depreciation, which is $23.000 per quarter. Required: 1. Prepare the manufacturing overhead budget for all quarters and total. 2. Compute the manufacturing overhead rate per hour. Answer: 1. The company's manufacturing overhead budget for all quarters and total. 1 0 . 2 Q. 3rd Q. 460, Total 2. The manufacturing overhead rate per hour