Choo-Foo 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: January February March April May Estimated unit sales 10,000 11,000 7,000 8,000 8,000 Sales price per unit $51.00 $48.40 $48.40 $48.40 $48.40 Direct labour hours per unit 2.0 2.0 1.5 1.5 1.5 Wage per direct labour hour $8.00 $8.00 $8.00 $9.00 $9.00 Choo-Foo has a labour contract that calls for a wage increase to $9.00 per hour on April 1. It has installed new labour-saving machinery, which will be fully operational by March 1. Choo-Foo expects to begin the year with 18,000 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 next month's sales. (a) Prepare a production budget and a direct labour budget for Choo-Foo by month and for the first quarter of the year. The direct labour budget should include direct labour hours and show the detail for each direct labour cost category. (Round DLH per unit to 1 decimal places, e.g. 1.2, labor rate per hour to 2 decimal places, e.g. 12.25 and all other answers to O decimal places, e.g. 125.) Estimated unit sales Jan 10000 CHOO-FOO COMPANY Production Budget For the quarter ending March 31, 2020 Add Ending Inventory 13500 Total required 23500 Feb 11000 Mar 7000 15000 11000 26000 12000 Less Begining inventory 18000 i 15000 12000 otal Production in units DLH per unit Jan 7000 Total hours required 14000 2 5500 11000 CHOO-FOO COMPANY Direct Labour Budget For the quarter ending March 31, 2020 Feb 8000 16000 2 Mar 7500 1.5 11250 Estimated unit sales 10000 11000 7000 Add Ending Inventory 13500 15000 11000 Total required 23500 26000 12000 Less Begining inventory 18000 i 15000 12000 otal Production in units DLH per unit Total hours required Rate per hour Total Jan 7000 2 14000 8 5500 11000 CHOO-FOO COMPANY Direct Labour Budget For the quarter ending March 31, 2020 Feb 8000 2 16000 +A $ 112000 $ 128000 +A Mar 7500 1.5 11250 8 90000 LA