Addison Co. budgets production of 2,480 units during the second quarter. Other information is as follows: Direct labor Variable overhead Fixed overhead Each finished unit requires 6 direct labor hours, at a cost of $9 per hour Applied at the rate of $11 per direct labor hour. Budgeted at $530,000 per quarter 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget Complete this question by entering your answers in the tabs below Required 1Required 2 Prepare a direct labor budget. ADDISON CO Direct Labor Budget Second Quarter Units to be produced 2,480 units Total labor hours needed Budgeted direct labor cost