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Addison Company budgets production of 2,440 units during the second quarter. Information on its direct...

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Accounting

Addison Company budgets production of 2,440 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 3 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 $490,000 per quarter.
Prepare a direct labor budget.
Prepare a factory overhead budget

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