The production department of Raredon Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Each unit requires 12 direct labour-hours, and diect labour-hour workers are paid $22 per hour, In addition, the variable manufacturing overhead rate is $1,40 per direct labout hout, The fixed manufacturing ovethead is $170,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $54,000 per quartec. Required: 1. Prepare the company's direct labour budget for the upcoming fiscal yeo, assuming that the direct labour workforce is acfus 'ta es ch puartier to match the number of hours required to produce the forecasted number of units produced. 2. Prepare the company's manufacturing overhead budges- 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. 2. Prepare the company's manufacturing overhead budget