Exercise 10-8 Crown Point Industrial has estimated that production for the next five quarters will be: Production Information 1st quarter, 2017 44,000 units 2nd quarter, 2017 40,000 units 3rd quarter, 2017 48,000 units 4th quarter, 2017 38,000 units 1st quarter, 2018 46,000 units Prepare quarterly direct labor budgets for Crown Point Industrial for 2017. It takes 1 hour of direct labor to produce each finished unit of product. Direct labor costs are $30 per hour. Each employee can work 441 hours per quarter. (Round answers to 0 decimal places, e.g. 125.) Crown Point Industrial Direct Labor Budget For the Year Ending December 31, 2017 Quarter 2 Quarter 3 Quarter 1 Quarter 4 Year Units to be produced Total hours Labor cost Average hours per quarter Approximate number of employees needed Labor hours per unit Labor rate per hour Labor cost per unit