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The Production Department of Hruska Corporation has submittedthe following forecast of units to be produced by quarter for theupcoming fiscal year:1stQuarter2ndQuarter3rdQuarter4thQuarterUnits to be produced10,0009,00011,00012,000Each unit requires 0.20 direct labor-hours and direct laborersare paid $12.00 per hour.In addition, the variable manufacturing overhead rate is $1.50per direct labor-hour. The fixed manufacturing overhead is $80,000per quarter. The only noncash element of manufacturing overhead isdepreciation, which is $20,000 per quarter.Required:1. Prepare the company’s direct labor budget for the upcomingfiscal year, assuming that the direct labor workforce is adjustedeach quarter to match the number of hours required to produce theforecasted number of units produced. (Round "Direct labortime per unit (hours)" and "Direct labor cost per hour" answers to2 decimal places.)2. Prepare the company’s manufacturing overhead budget.