2 quarters and $16 for quarters 3 artistic for pictures. The controlle is responsible for Company makes and sells accumulated the ollowing informa- preparing the master budget and has tion for 2011 January February March April May 10,000 12,000 8,000 9,000 9,000 $50.00 $47.50 $47.50 $47.50 $47.50 Estimated unit sales Sales price per unit 2.0 1.5 Direct labor hours per unit 2.0 $8.00 $8.00 $9.00 $9.00 Wage per direct labor hour $8.00 Choo-Foo has a labor contract that calls for a wage increase to $9.00 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1 Choo-Foo expects to begin the year with 16,000 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month's sales, plus 50% of the second following month's sales. Instructions budget and a direct labor budget for Choo-Foo company by month Prepare a production and for the first quarter of the year. The direct labor budget should include direct labor hours. (CMA-Canada adapted)