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Exerclse 7-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co. budgets production...

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Exerclse 7-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co. budgets production of 2790 units during the second quarter. Other Information is as follows Direct labor Variable overhead Fixed overhead Each finished unit requires 5 direct labor hours, at a cost of $18 per hour Applied at the rate of $12 per direct labor hour. Budgeted at $538,8e8 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 1Required 2 Prepare a direct labor budget. ADDISON CO Direct Labor Budget Second Quarter Units to be produced 2.790 units Total labor hours needed Budgeted direct labor cost Required 2 > Complete this question by entering your answers in the tabs below. Required Required 2 Prepare a factory overhead budget. ADDISON CO. Factory Overhead Budget Second Quarter Total labor hours needed Budgeted vanable overhead Budgeted fixed overhead Budgeted total overhead Required 1 Required 2

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