Direct labor Each finished unit requires 6 direct labor hours, at a cost of $9 per hour. Variable overhead Budgeted at the rate of $11 per direct labor hour. Fixed overhead Budgeted at $640,000 per quarter. Addison Company budgets fixed overhead is as follows: 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget. DirectlaborVariableoverheadEachfinishedunitrequires6directlaborhours,atacastof$9perhour.Budgetedattherateof$11perdirectlaborhour, Fixed overhead Budgeted at $640,000 per quarter. 1. Prepare a direct labor budget. Complete this question by entering your answers in the tabs below. 2. Prepare a factory overhead budget. Complete this question by entering your answers in the tabs below. Prepare a direct labor budget