Exercise 20-13 (Algo) Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Company budgets production of 2,480 units during the second quarter. Information on its direct labor and its variable and fixed overhead is as follows: Direct labor Variable overhesd Tach finished unit requires 6 direct labor houra, at a cost of $9 per hour. Pixed overhead Audgeted at the rate of $11 per direct labor hour. 1. Prepare a direct labor budget 2. Prepare a factory overhead budget. Complete this question by entering your answers in the tabs below. Prepare a direct labor budget. Exercise 20-13 (Algo) Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Company budgets production of 2,480 units during the second quarter, Information on its direct labor and its varlable and fixed overhead is as follows: Direct labor Variable overhed Eacb fininhed unit requiren 6 direct labor hours, at a cont of $9 per hour. Fixed overhead 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget. Complete this question by entering your answers in the tabs below. Prepare a factory overhead budget