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Addison Company budgets production of 2,850 units during the second quarter. Information on its direct...

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Accounting

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 $9 per hour. Variable overhead Budgeted at the rate of $11 per direct labor hour. Fixed overhead Budgeted at $640,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget.

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