Addison Company budgets production of 2,750 units during the second quarter. Information on its direct labor and its variable fixed overhead is as follows: Direct labor Variable overhead Fixed overhead 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget. Each finished unit requires 3 direct labor hours, at a cost of $7 per hour. Budgeted at the rate of $9 per direct labor hour. Budgeted at $540,000 per quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a direct labor budget. Units to produce ADDISON COMPANY Direct Labor Budget Second Quarter 2.750 units www web snapo Da Se VI

Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year Kayak requires a minimum cash balance of $40,000 at each monthend Loans taken to meet this requirement charge 1%, interest per month, paid at each month-end. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $40,000 is used to repay loans at month-end. The company has a cash balance of $40,000 and a loan balance of $80,000 at January 1 Prepare monthly cash budgets for January, February, and March Note: Negative bolances and Loan repayment omounts (if ony) should be indicoted with minus sign