B) **********************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.

Exercise 9-10 (Part Level Submission) 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 2017. February March 8,700 April 9,000 January 10,200 $50.10 2.1 $8.00 May Estimated unit sales Sales price per unit Direct labor hours per unit Wage per direct labor hour 8,800 $47.20 $47.20 $47.20 $47.20 1.7 $8.00$8.00 $9.00 $9.00 11,300 2.1 Lowell 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 Lowell expects to begin the year with 18,110 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month's sales, plus 70% of the second following month's sales (a) Prepare a production budget for Lowell Company by month and for the first quarter of the year LOWELL COMPANY Production Budget Jan Feb Mar Total Sales in Units Add _ Desired Ending Inventory Total Needs Less _ Beginning Inventor 10,200 11,300 8,700 Required Production Units