Required $2$

Prepare a factory overhead budget.

Exercise $7-13($Algo$)$ Manufacturing: Direct labor and factory overhead budgets LO P$1$

Addison Company budgets production of $2,760$ units during the second quarter. Information on its direct labor and its variable and

fixed overhead is as follows:Variable overhead Budgeted at the rate of $$10$ per direct labor hour.

Fixed overhead Budgeted at $$550,000$ per quarter. Prepare a direct labor budget.

Prepare a factory overhead budget.

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Prepare a direct labor budget.