The production department of Raredon Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year 2nd 3rd Quarter Duarte 29,000 26,000 Quarter 24,000 th Quarter 23,000 Units to be produced Each unit requires 14 direct labour-hours, and direct labour-hour workers are paid $20 per hour In addition, the variable manufacturing overhead rate is $1.20 per direct labour hour. The flwed manufacturing overhead is 5167,500 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $51,500 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 forecasted number of units produced RAREDON CORPORATION Direct Labour Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total direct labour hours needed Total direct labour cost 2. Prepare the company's manufacturing overhead budget RAREDON CORPORATION Manufacturing Overhead Budget 1st Quarter 2nd Quarter Snd Quarter 4th Quarter Year 2. Prepare the company's manufacturing overhead budget. RAREDON CORPORATION Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total manufacturing overhead Cash disbursements for manufacturing overhead