Problem 9.16 Direct Labour and Manufacturing Overhead Budgets [LO2] The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit pies to be produced by quarter for the upcoming fiscal yoar. Each unit requires 0.60 direct labour-hours, and direct labour-hour workers are paid $10.50 per hour. In addition, the varlable manufacturing overhead rate is $1.50 per direct labour-hour. The fixed manufacturing overhead is $26,750 per quartec. The only non-cash element of manufacturing overhead is depreciation, which is $7,750 per quartec. 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 forecast number of units produced. 2. Prepare the company's manufacturing overhead budget. As per Schedule 5, your manufacturing overhead budget should also include the budgeted cash disbursements for overhead