Addison Company budgets production of 2,400 units during the second quarter. Information on its direct labor and its variable and fixed overhead is as follows: Direct labor Variable overhead Fixed overhead Each finished unit requires 4 direct labor hours, at a cost of $20 per hour. Budgeted at the rate of $11 per direct labor hour. Budgeted at $450,000 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 1 Required 2 Prepare a direct labor budget. ADDISON COMPANY Direct Labor Budget Second Quarter Units to produce 2,400 units Required 1 Required 2 Prepare a direct labor budget. ADDISON COMPANY Direct Labor Budget Second Quarter Units to produce 2,400 units Direct labor hours needed Cost of direct labor Units to produce 2 + inbor houronnodod Beginning inventory (pounds) Budgeted ending inventory (pounds) Remeine Budgeted units sales for month Direct labor cost per hour 2,400 ur Units to produce nir Habeeba en anngladecurg puuruu Budgeted units sales for month Direct labor cost per hour Required Direct labor hours required per unit Materials price per pound Materials to be purchased Required 1 Required 2 Prepare a factory overhead budget. ADDISON COMPANY Factory Overhead Budget Second Quarter Direct labor hours needed Budgeted variable overhead Budgeted fixed overhead Budgeted total factory overhead Factory Overhead Budget Second Quarter Direct labor hours needed tedariobla arrarhaad Fixed factory overhead rate per direct labor hour Variable overhead rate per direct labor hour