2. Construct the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is not adjusted each quarter. Instead, assume that the company's direct labour workforce consists of permanent employees who are guaranteed to be paid for at least 2,800 hours of work each quarter. lfthe number of required direct labour-hours is less than this number, the workers are paid for 2,800 hours anyway. Any hours worked in excess of 2,800 hours in a quarter are paid at the rate of1.5 times the normal hourly rate for direct labour. RORDAN CORPORATION Direct Labour Budget 15! Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total direct labour-hours needed Regular hours paid _____ Overtime hours paid I\"... Wages forregular hours __l___ Overtime wages The production department of Rordan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter Units to be produced 9,060 7, 500 8,000 8, 500 Each unit requires 0.55 direct labour-hours, and direct labour-hour workers are paid $12 per hour. Required: 1. Construct 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 forecasted number of units produced. RORDAN CORPORATION Direct Labour Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total direct labour-hours needed Total direct labour cost