The production department of General Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year, 2017. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 6,000 9,000 8,000 7,000 In addition, each unit requires 9 grams of raw material that costs $1.20 per gram. Management desires to end each quarter with a raw materials inventory equal to 20% of the following quarter's production needs. The desired ending inventory for the 4th quarter 2017 is 9,000 grams. Management plans to pay for 65% of raw material purchases in the quarter acquired and 35% in the following quarter. The beginning accounts payable for the 1st Quarter 2017 is budgeted to be $3,880. Furthermore, each unit requires 0.30 direct labour-hour (DLH), which are paid $10.50 per hour. The variable manufacturing overhead rate is $1.75/DLH. The fixed manufacturing overhead is $84,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $24,000 per quarter. Required: 1. Prepare the company's direct materials budget and schedule of expected cash disbursements for purchases of materials for each quarter in the upcoming fiscal year. (4 marks) 2. Prepare the company's direct labour budget for each quarter in the upcoming fiscal year. (4 marks) 3. Prepare the company's manufacturing overhead budget for each quarter in the upcoming fiscal year. (4 marks)