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Bonita Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for
Bonita Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2022 Bonita has a labor contract that calls for a wage increase to $9.0 per hour on April 1. New labor-saving machinery thas been installed and will be fully operational by March 1 Bonita expects to begin the year with 20,416 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month's sales, plus 40% of the second following month's sales. Prepare a production budget for Bonita Company by month and for the first quarter of the year
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