The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year 1st Quarter 8,8 2nd Quarter 7,880 3rd Quarter 7,480 4th Quarter 8,368 Units to be produced Each unlt requires 0.55 direct labor-hours, and direct laborers are pald $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 unlts produced. 2. Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the dlrect 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 pald for at least 4,500 hours of work each quarter. If the number of requlred direct labor-hours is less than this number, the workers are pald for 4,500 hours anyway. Any hours worked In excess of 4,500 hours In a quarter are paild at the rate of 1.5 times the normal hourly rate for direct labor