The production department of Raredon Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year. 1 st Quarter 2 nd Quarter 3 rd Quarter 4 th Quarter Units to be produced . . . . . . 24,000 28,000 26,000 22,000 Each unit requires 1.4 direct labour-hours, and direct labour-hour workers are paid $21.00 per hour. In addition, the variable manufacturing overhead rate is $1.30 per direct labour-hour. The fixed manufacturing overhead is $160,000 per quarter. The only noncash element of manufacturing overhead is amortization, which is $44,000 per quarter. Required: 1. Prepare the companys 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 forecasted number of units. 2. Prepare the companys manufacturing overhead budget.