EXERCISE 8-4 Direct Labor Budget L08-5 The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: Units to be produced. 6,500 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 8,000 7,000 7,500 Each unit requires 0.35 direct labor-hours, and direct laborers are paid $15.00 per hour. Required: Using Schedule 4 as your guide, prepare the company's direct labor budget for the upcoming fiscal year