The production department of Regina Partners has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Each unit requires 1.2 direct labour-hours, and direct labour-hour workers are paid $22 per hour. In addition, the variable manufacturing overhead rate is $1.20 per direct labour-hour. The fixed manufacturing overhead is $161,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $45.000 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. 2. Prepare the company's manufacturing overhead budget