Newlab + Units to be produced 800 7.500 3r un 7.500 10.100 Each unit requires 0.65 direct labor-hours, and direct laborers we paid $10 per hour. Required: 1. Complete the company's direct labor budget for the upcoming fiscal year, assuming 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) Year Rordan Corporation Direct Labor Budget at Quarter 2nd Quarter 3rd Quarter 4th Quarter Required prodon in units 9,600 7.500 7.000 10,100 Dract labor time per unit hours) 065 0 .65 0.85 0.85 Total direct labor hours needed 6.240 4.875 5,070 8585 Direct labor cost per hour TS 10 $ 10 $ 10 $ 10 Total T$ 2.400 48.750 50,700 $ 65 650 22.750 $ 10 $ 227.500 2. Complete 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 wordforce consists of permanent employees who are guaranteed to be paid for at least 6,000 hours of work each quarter. If the number of required direct labor-hours is less than this number the workers are paid for 6.000 hours anyway. Any hours worked in excess of 5,000 hours in a quarter are paid at the rate of 15 times the normal hourly rate for direct labor (input all amounts as positive values.) Rordan Corporation Direct Labor Budget 1st Quarter 2 Quarter sd Quarter 4th Quarter Year Tot direct labor hours needed Regular hours paid Overtime hours Wages for regular hours Overtime wages Total rector cost