Check my Exercise 8-4 Direct Labor Budget (LOB-5] The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year. 328 points Units to be produced 1st Quarter 10,800 2nd Quarterird Quarter 5 8, 8.5 7 .100 4th Quarter 11,280 (8 035100 Each unit requires 0.25 direct labor hours, and direct laborers are paid $2000 per hour. Required: 1 Prepare the company's direct labor budget for the upcoming fiscal year. Assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced 2. Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter Instead, assume that the companys direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2.500 hours of work each quarter. If the number of required direct labor hours is less than this number the workers are paid for 2.500 hours anyway. Any hours worked in excess of 2.500 hours in a quarter are paid at the rate of 15 times the normal hourly rate for direct labor. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the company's direct labor budget for the upcoming fiscal year. Assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Round "Direct labor time per unit Chours) answers to 2 decimal places. Rordan Corporation Direct Labor Hudget 1st Quarter 2nd Quarter bed Quarter 4th Quarter Year