Workmate Corporation The company manufactures gardening tools for general use. The following is the budgeted production volumes for the next year and the labour requirements. Q3 Total Q4 10,800 11,000 43,600 Budgeted Production units Direct Labour per unit Direct labour base rate Q1 Q2 11,000 10,800 0.400 hours 25.00 per hour $ The manufacturing department has 10 full time regular employees and budgets for them to be employed full-time throughout the year. The workforce's labour plan hours are as follows: Q1 Q2 Q3 Q4 Total Workforce Full Time Employees (FTES) Paid hours per employee (FTE) per Qtr 10 10 10 10 450 450 450 450 1,800 Total paid vacation hours (all FTES) per Qtr 200 100 400 100 800 Required: 1. Compute the required total budget labour hours required each quarter and for the year based on the production budget. 2. Compute the annual budget's labour cost assuming all budgeted production labour hours are paid at the base labour rate. 3. Compute the labour budget by quarter for regular and overtime hours considering the available work hours factoring in the paid vacation leave hours. Determine for each quarter if there are enough available work hours or if there is a shortfall requiring overtime. Note: Available work hours = Total paid hours less Vacation hours 4. Calculate the annual labour cost with the overtime hours and overtime costs. Any work hour shortage will need to be provided by overtime hours paid at 150% of the base hourly rate. 5. Reviewing the budget labour schedules, what are two actions management could take to reduce overtime labour costs