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. Assume that the direct iabor 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 quartet Instead, assume that the company's direct labor workforce consists of permanent employees who are guaranteed to be pald for at least 6.500 hours of work each quarter If the number of required direct labor hours is less than this numbec, the workers are paid for 6,500 hours anyway. Any hours worked in excess or 6,500 hours in a quarter are paid at the rate of 15 times the normal 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 company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 6,500 hours of work each quarter. If the number of required direct labor-hours is less than this number, the workers are paid for 6,500 hours anyway. Any hours worked in excess of 6,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.)