Peterson Company makes and sells artistic frames for pictures of weddings, graduations, and other special events. Ron Kerry, the controller, is responsible for preparing Peterson's master budget and has accumulated the following information for 2018:

  

 

2018 January February March April May Estimated sales in units 14,000 19,000 7,000 8,000 8,000 Selling price $ 56.00 $ 52.00 $ 52.00 $ 52.00 $ 52.00 Direct manufacturing labor-hours per unit 3.0 3.0 2.0 2.0 2.0 Wage per direct manufacturing labor-hour $ 8.00 $ 8.00 $ 8.00 $ 12.00 $ 12.00