The Production Department of Harveton Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year. Units to be produced 1st Quarter: 16000 2nd Quarter: 15000 3rd Quarter:14000 4th Quarter:15000 -------------------------------------------------------------------------------- Each unit requires 0.80 direct labor-hours and direct labor-hour workers are paid $11.50 per hour. In addition, the variable manufacturing overhead rate is $2.50 per direct labor-hour. The fixed manufacturing overhead is $90,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $34,000 per quarter. PLEASE REFER TO ATTACHMENT