A Show Attempt History Current Attempt in Progress AL Lowell Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2020. o AC January February March April May O AC 10,400 11.100 8,000 9.000 8,600 $50.80 $47.90 $47.90 $47.90 $47.90 Estimated unit sales Sales price per unit Direct labor hours per unit Wage per direct labor hour V A 2.3 2.3 1.6 1.6 1.6 $7 $7 $7 $8 $8 Q Ace Lowell has a labor contract that calls for a wage increase to $8 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. QU AC Lowell expects to begin the year with 15,950 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. QL Ace Q Prepare a direct labor budget for Lowell Company by month and for the first quarter of the year. The direct labor budget should include direct labor hours. (Round Direct labor hours per unit answers to 1 decimal place, e.g. 52.7.) LOWELL COMPANY Direct Labor Budget Jan Feb Mar > $ $ $ $ + $ $ $ e Textbook and Media Ja Direct Labor Time (Hours) Per Unit Units to be Produced Cost Per Pound Direct Materials Per Unit Direct Labor Cost Per Hour Total Pounds Required for Production Total Required Direct Labor Hours Total Direct Labor Cost Direct Materials Purchases Beginning Materials Inventory Desired Ending Inventory Total Materials Required Total Cost of Direct Materials Purchases $ $ ta