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 0.70 direct labor-hours, and direct labor-hour workers are paid 10.50 per hour. In addition, the variable manufacturing overhead rate is 1.50 per direct labor-hour. The fixed manufacturing overhead is 80,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is 22,000 per quarter.
(b) Prepare the company's manufacturing overhead budget.