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In: AccountingThe production manager of Rordan Corporation has submitted thefollowing forecast of units to be produced...The production manager of Rordan Corporation has submitted thefollowing forecast of units to be produced by quarter for theupcoming fiscal year:1stQuarter2ndQuarter3rdQuarter4thQuarterUnits to be produced11,0008,0008,50010,800Each unit requires 0.75 direct labor-hours, and direct laborersare paid $16 per hour.Required:1. Complete the company’s direct labor budget for the upcomingfiscal year, assuming that the direct labor workforce is adjustedeach quarter to match the number of hours required to produce theforecasted number of units produced. (Round "Direct labortime per unit (hours)" answers to 2 decimal places.)Rordan CorporationDirect Labor Budget1st Quarter2nd Quarter3rd Quarter4th QuarterYearRequired production inunitsDirect labor time per unit(hours)Total direct labor-hoursneededDirect labor cost per hourTotal direct labor cost2. Complete the company’s direct labor budget for the upcomingfiscal year, assuming that the direct labor workforce is notadjusted each quarter. Instead, assume that the company’s directlabor workforce consists of permanent employees who are guaranteedto be paid for at least 8,000 hours of work each quarter. If thenumber of required direct labor-hours is less than this number, theworkers are paid for 8,000 hours anyway. Any hours worked in excessof 8,000 hours in a quarter are paid at the rate of 1.5 times thenormal hourly rate for direct labor. (Input all amounts aspositive values.)Rordan CorporationDirect Labor Budget1st Quarter2nd Quarter3rd Quarter4th QuarterYearTotal direct labor-hoursneededRegular hours paidOvertime hours paidWages for regular hoursOvertime wagesTotal direct labor cost