Exercise 20-13 (Algo) Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Company budgets production of 2,850 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 6 direct labor hours at a cost of S9 per hour Variable overbead Budgeted at the rate of S11 per direct labor hour. Fixed overhead Budgeted at $640,000 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 2850 units Units to produce Direct labor hours needed Fixed overhead Budgeted at $640,000 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 2,850 units Units to produce Direct labor hours needed Cost of direct labor 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget. Complete this question by entering your answers in the tabs belo Required 1 Required 2 Prepare a factory overhead budget. ADDISON COMPANY es Factory Overhead Budget Second Quarter Direct labor hours needed Budgeted variable overhead Budgeted fixed overhead Budgeted total factory overhead