Addison co. budgets production of 2,400 units during the second quarter. In addition, information on it's direct labor and it's variable and fixed overhead is shown below. For the second quarter, prepare (1) a direct labor budget and (2) a factory overhead budget.

Direct Labor : each finished unit requires 4 direct labor hrs, at $9 per hr.

Variable Overhead : applied at rate of $11 per DL hr.

Fixed Overhead : budgeted at $45,000 per quarter.