Addison Company budgets production of $2,420$ units during the second quarter. Information on its direct labor and its variable and fixed overhead is as follows:

Direct labor Each finished unit requires $4$ direct labor hours, at a cost of $$8$ per hour.

Variable overhead Budgeted at the rate of $$10$ per direct labor hour.

Fixed overhead Budgeted at $$470,000$ per quarter.

Prepare a direct labor budget.

Prepare a factory overhead budget.