Quantitative accounting

10.00 points Exercise 8-15 Direct Labor and Manufacturing Overhead Budgets ILOB-5, LO8 6 The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year Units to be produced 11,500 10500 12,500 13,500 Each unit requires 0 25 direct labor-hours and direct laborers are paid $14.00 per hour In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fxed manufacturing overhead is $95,000 per quarter The only noncash element of manufacturing overhead is depreciation, which is $35,000 per quarter 1. Prepare the company's direct labor budget for the Escal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Round "Direct labor time per unit (hours)" and "Direct labor cost per hour" answers to 2 decimal places Hruska Corporation Direct Labor Budget 2nd 3ed Quarter 4th QuarterYe Required production in units Direct labor tirne per urit (hours) Total direct labor-hours needed Direct labor cost per hour Total direct labor cost 2 Prepare the company's manufacturing overhead budgot Manufacturing Overhead Budget Variable Ficed manufacturing overhead Total manufacturing overhead Less depreciation overhead