Exercise 20-7 Manufacturing: Direct labor and factory overhead budgets LO P1 5 Addison Co. budgets production of 2,800 units during the second quarter. Other information is as follows: Direct labor Variable overhead Fixed overhead Each finished unit requires 4 direct labor hours, at a cost of 98 per hour. Applied at the rate of $10 per direct labor hour. Budgeted at $590,000 per quarter. eBook 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget. Hint Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Prepare a direct labor budget. ADDISON CO. Direct Labor Budget Second Quarter Units to be produced 2,800 units Total labor hours needed Budgeted direct labor cost Recured Required 2 > 5 Exercise 20-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co. budgets production of 2,800 units during the second quarter. Other information is as follows: Direct labor Variable overhead Fixed overhead Each finished unit requires 4 direct labor hours, at cost of $8 per hour. Applied at the rate of $10 per direct labor hour. Budgeted at $590,000 per quarter. Book 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget. Hint Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Prepare a factory overhead budget. ADDISON CO. Factory Overhead Budget Second Quarter Total labor hours needed Budgeted variable overhead Budgeted fixed overhead Budgeted total overhead