esoURCES Question 25 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 January February March April May Estimated unit sales 10,000 11,900 8,600 8,700 8,300 Sales price per unit $50.50 $48.60 $48.60 $48.60 $48.60 Direct labor hours per units 2,4 2.4 1.5 1.5 1.5 Wage per direct labor hour $8.00 $8.00 $8.00 $9.00 $9.00 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 instaled and will be fully operational by March 1. Lowell expects to begin the year with 14,760 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 secondi following month's sales 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 200%% yStudy Lowell expects to begin the year with 14,760 tollowing month's sales. m.es on hand and has a policy of carrying an end-ol-month Inventory of 100% 8 8llowIRg RBRER LA 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 # # 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 dy e: 10:47 AM/Remalning 45 FULL SCREEN PRINTER VERSION BACK NEXT rect la budget for Lowell- npany by month and for the firs of the year. The direct labor buds should nclude direct labo Direct abor Prepare a hours per unlt answwers to 1 decimal placa, e.g. 52.7.) uar LeWELL COMPANY Direct Labor Budget Jan Feb Mar Total $ Click if you would Ilike to Show Work for this question: Open Show Work