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 Variable overhead Fixed overhead Each finished unit requires 6 direct labor hours, at a cost of $9 per hour. Budgeted at the rate of $11 per direct labor hour. Budgeted at $640,000 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 1 Required 2 Prepare a direct labor budget. Units to produce Direct labor hours needed Cost of direct labor ADDISON COMPANY Direct Labor Budget Second Quarter 2,850 units Prepare a factory overhead budget. ADDISON COMPANY Factory Overhead Budget Direct labor hours needed Budgeted variable overhead Budgeted total factory overhead Second Quarter
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 Variable overhead Fixed overhead Each finished unit requires 6 direct labor hours, at a cost of $9 per hour. Budgeted at the rate of $11 per direct labor hour. Budgeted at $640,000 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 1 Required 2 Prepare a direct labor budget. Units to produce Direct labor hours needed Cost of direct labor ADDISON COMPANY Direct Labor Budget Second Quarter 2,850 units Prepare a factory overhead budget. ADDISON COMPANY Factory Overhead Budget Direct labor hours needed Budgeted variable overhead Budgeted total factory overhead Second Quarter
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text: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
Variable overhead
Fixed overhead
Each finished unit requires 6 direct labor hours, at a cost of $9 per hour.
Budgeted at the rate of $11 per direct labor hour.
Budgeted at $640,000 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 1
Required 2
Prepare a direct labor budget.
Units to produce
Direct labor hours needed
Cost of direct labor
ADDISON COMPANY
Direct Labor Budget
Second Quarter
2,850 units
Transcribed Image Text:Prepare a factory overhead budget.
ADDISON COMPANY
Factory Overhead Budget
Direct labor hours needed
Budgeted variable overhead
Budgeted total factory overhead
Second Quarter
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