Larry's Performance Pizza is a small restaurant in Chicago that sells gluten-free pizzas. Larry's very tiny kitchen barely has enough room for the two ovens in which his workers bake the pizzas. Larry signed a lease obligating him to pay the rent for the ovens for the next year. Because of this, and because Larry's kitchen cannot fit more than two ovens, Larry cannot change the number of ovens he uses in his production of pizzas in the short run. However, Larry's decision regarding how many workers to use can vary from week to week, because his workers tend to be students. Each Monday, Larry lets them know how many workers he needs for each day of the week. In the short run, these workers are (fixed/variable) inputs, and the ovens are (fixed/variable) inputs.
Larry's production schedule is presented in the following table. Fill in the blanks to complete the Marginal Physical Product of labor column for each worker.
Number of Workers Output (Pizzas per day) Marginal Physical Product of labor (Pizzas per day)
0 0
1 50
2 90
3 120
4 140
5 150

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The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 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 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.

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