Exercise 8.4 Direct Labor Budget (L08-5) The production manager of Rordon Corporation has submitted the following quarterly production forecast for the upcoming fiscal year Quarter od Ouartered Quarter4th Quarter Units to be produced 6,500 7,000 7,500 8.000 Each unit requires 0.35 direct labor-hours, and direct laborers are paid $12.00 per hout, Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year. Assume that the direct lobor 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 lobor 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 2.600 hours of work each quarter. If the number of required direct labor-hours is less than this number the workers are paid for 2,600 hours anyway. Any hours worked in excess of 2.600 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 Required 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 company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,600 hours of work each quarter. If the number of required direct labor-hours is less than this number, the workers are paid for 2,600 hours anyway. Any hours worked in excess of 2,600 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor. (Round "Oirect labor time per unit (hours)" answers to 2 decimal places) Show less Rordan Corporation Required Required 2 Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted cach quarter. Instead, assume that the company's direct tobor workforce consists of permanent employees who are guaranteed to be paid for at least 2,600 hours of work each quarter. If the number of required direct labor-hours is less than this number, the workers are paid for 2,600 hours anyway. Any hours worked in excess of 2,600 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.) Show less Rordan Corporation Direct Labor Budget Tot Quarter 2nd Quarter 3rd Quarter Year 4th Quarter Direct labor time per unit (hours) Total direct labor hours needed Regular hours Overtime hours Wagen for regular hours Overtime wages Total direct labor cost 0 $ 0 $ 05 0$ 0 $ 0