Addison Co. budgets production of 2,780 units during the second quarter. Other information is as follows: Direct labor Variable overhead Fixed overhead Each finished unit requires 6 direct abor hours, at a cost of $7 per hour. Applied at the rate of $9 per direct labor hour Budgeted at $570,000 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 2,780 units Total labor hours needed Budgeted direct labor cost