Gordon Company's controller, Eric Junior, estimated the following formula, based on monthly data, for overhead cost: Overhead Cost = $150,000 + ($52 x Direct Labor Hours) Required: 1. Select the term in the right column that corresponds to the term in the left column. Line Item Description Answer Overhead cost $150,000 $52 Direct labor hours 2. If next month's budgeted direct labor hours equal 8,000, what is the budgeted overhead cost? fill in the blank 1 of 3$ 3. If next quarter's budgeted direct labor hours equal 23,000, what is the budgeted overhead cost? fill in the blank 2 of 3$ 4. If next year's budgeted direct labor hours equal 99,000, what is the budgeted overhead cost? fill in the blank 3 of 3$