Identifying the Parts of the Cost Formula; Calculating Monthly, Quarterly, and Yearly Costs Using a Cost Formula Based on Monthly Data Gordon Company's controller, Eric Junior, estimated the following formula, based on monthly data, for overhead cost: Overhead Cost = $150,000 + ($52 times Direct Labor Hours) If next month's budgeted direct labor hours equal 8,000, what is the budgeted overhead cost If next quarter's budgeted direct labor hours equal 23,000, what is the budgeted overhead cost If next year's budgeted direct labor hours equal 99,000, what is the budgeted overhead cost