The manufacturing division manager of Davison Enterprises has submitted the following production forecast (in units) for each quarter of the next fiscal year. The plant produces seats for motorcycles: Tirst Quarter Units to be produced 13,750 Second Quarter 13,150 Third Quarter 33,250 Fourth Osorter 13.650 2620 Each unit requires 0.40 direct labour-hours, and employees are paid $8 per hour Required: 1. Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted ench quarter to match the number of hours required to produce the forecast number of units Print Units to be produced Direct our time per unit (hours) Total direct labour hours needed Direct labour cost per hour Total direct labour cost Davison Enterprises Direct Labour Budget First Quarter Second Quarter Third Quarter Fourth Quarter Year 13.750 13,150 13.250 13.650 53,000 0.40 0.40 0.40 0.40 0.40 5,500 5.260 5,300 5,460 21,520 $ 300 $ 8.00 $ 500 8.00 $ 8.00 $ 44.000 42,000 $ 42.400$ 43,600 172,100 2. Prepare the company's direct labour budget for the next fiscal year, assuming that the direct labour workforce is not adjusted each quorter. Instead, assume that the company's direct labour workforce consists of permanent employees who are guaranteed to be paid for at least 5,300 hours of work each quarter. If the number of required direct labour hours is less than this number, the workers are paid for 5.300 hours anyway. Any hours worked in excess of 5,300 hours in a quarter are paid at a rate of 15 times the normal hourly rate for direct labour. (Do not leave any empty spaces, Input a 0 wherever it is required) 2. Prepare the company's direct labour budget for the next fiscal year, assuming that the direct labour workforce is not adjusted each quarter. Instead, assume that the company's direct labour workforce consists of permanent employees who are guaranteed to be paid for at least 5,300 hours of work each quarter. If the number of required direct labour hours is less than this number, the workers are paid for 5,300 hours anyway. Any hours worked in excess of 5,300 hours in a quarter are paid at a rate of 1.5 times the normal hourly rate for direct labour. (Do not leave any empty spaces; input a 0 wherever it is required.) Total direct labour hours needed Regular hours paid Overtime hours paid Wages for regular hours Overtime wages Total direct labour cost Davison Enterprises Direct Labour Budget First Quarter Second Quarter Third Quarter Fourth Quarter Year 5,500 5.300 200 0 200 S 42,400 $ 42,400 2,400 $ 44,800 $ 0 $ 0 $ 0 $ 42.400