The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year Units to be produced 1st Quarter 8,888 2nd Quarter 7.000 3rd Quarter 7,400 4th Quarter 3.300 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 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.) Rordan Corporation Direct Labor Budget 150 2nd 3rd 4th Year Quarter Quarter Quarter Quarter Required production in units 8,800 7000 7.400 8 300 31.500 Direct labor time per unit (hours) 0.55 0.55 0.55 0.55 0.55 Total direct labor-hours needed 4,840 3.850 4,070 4.565 17 325 Direct labor cost per hour S 10 $ 10 S 10 $ 10S 10 S Total direct labor cost $ 48,400 $38.500 S 40.700 $ 45,650 173,250 000 Required 1 Required 2 Prepare the companiy'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 1.5 times the normal hourly rate for direct labor. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) Show less 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 Rordan Corporation Direct Labor Budget 2nd 3rd 4th 1st Quarter Quarter Quarter Quarter 4840 X 38503 4070 4565 4500 X 4500 4500 4500 340 % 0% 03 975 45.000 45,000 45,000 45,000 5.100 0 0 975 X S 50.100 $ 45,000 $ 45,000 $ 45,975 186,075 $ 50.100 $ 45,000 $ 45.000 5 45.975 186,075