mork 3 (Ch 7 and 8) The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year Units to be produced 1st Quarter 8.800 2nd Quarter 3rd Quarter 7.400 4th Quarter 8,300 Each unit requires 0.55 direct labor-hours, and direct laborers are paid $10.00 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 company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 4,500 hours of work each quarter. If the number of required direct labor hours is less than this number the workers are paid for 4,500 hours anyway. Any hours worked in excess of 4.500 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 (hours)" answers to 2 decimal places.) Required production in units Rordan Corporation Direct Labor Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 8,800 7.000 7400 8.300 055 0.55 0.55 0.55 4,840 3.850 4070 4,565 10 $ 10 $ 10 $ 105 $ 48,400 $ 38,500 $ 40,7005 45.6505 Year 31.500 0.55 17 325 Direct labor time per unit (hours) Total direct labor-hours needed Direct labor cost per hour Total direct labor cost 173.250 Required 2 > la 10 Uret 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, 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 4,500 hours of work each quarter. If the number of required direct labor hours is this number the workers are paid for 4,500 hours anyway. Any hours worked in excess of 4,500 hours in a quarter are pad the rate of 1.5 times the normal hourly rate for direct labor. (Round "Direct labor time per unit (hours answers to decima places. Rordan Corporation Direct Labor Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Required production in units Direct labor time per unit (hours) Total direct labor-hours needed Regular hours Overtime hours Wages for regular hours Overtime wages Total direct labor cost 00 0 $ 0 $ (Required 1