3 Exercise 8-4 (Algo) Direct Labor Budget (LO8-5] 2 points +Book Hol W Beferences The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: linits to be produced 1st Quarter 10,800 2nd Quarter 3,000 3rd Quarter 8,400 4th Quarter 10,700 Each unit requires 0.65 direct labor-hours, and direct laborers are paid $16.00 per hour. Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year. (Round "Direct Inbor time per unit (hours)" answers to 2 decimal places.) Drect labor time per unit (hours)) Total direct labor hours needed Direct labor cost per hour Total direct labor cost 1st Quarter Rordan Corporation Direct Labor Budget 2nd Quarter 3rd Quarter 4th Quarter Year