value: 3.50 points Addison Co. budgets production of 2,400 units during the second quarter. Other information is as follows Each finished unit requires 4 direct labor hours, at a cost of $9 per hour. Direct labor Variable overhead Applied at the rate of $11 per direct labor hour. Fixed overhead Budgeted at $450,000 per quarter 1. Prepare a direct labor budget. ADDISON CO Direct Labor Budget Second Quarter Units to be produced 2,400 units Total labor hours needed Labor dollars