information for 2021: (Click the icon to view some of the financial information.) (Click the icon to view additional information.) Read the requirements. labor cost budget should include labor-hours and show the details for each labor cost category. budget [other than the direct manufacturing labor-hours per unit] to the nearest whole number.) Data table information for 2021: (Click the icon to view some of the financial information.) (Click the icon to view additional information.) Read the requirements. labor cost budget should include labor-hours and show the details for each labor cost category. budget [other than the direct manufacturing labor-hours per unit] to the nearest whole number.) Peterson Company Budget for Production and Direct Manufacturing Labor For the Quarter Ended March 31, 2021 Budgeted sales (units) January \begin{tabular}{r|r} \multicolumn{1}{r}{ February } & March \\ \hline \hline 17000 & 6000 \\ \hline \end{tabular} Add target ending finished goods inventory (units) Data table Total requirements (units) Deduct beginning finished goods inventory (ur More info Units to be produced Direct manufacturing labor-hours per unit In addition to wages, direct manufacturing labor-related costs include pension Total hours of direct manufacturing labor time contributions of $0.50 per hour, worker's compensation insurance of $0.10 per hour, employee medical insurance of $0.40 per hour, and Social Security taxes. Assume that as of January 1, 2021, the Social Security tax rates are 7.5% for employers and 7.5% for employees. The cost of employee benefits paid by Peterson on its direct manufacturing employees is treated as a direct manufacturing labor cost. Peterson has a labor contract that calls for a wage increase to $12 per hour on April 1, 2021. New labor-saving machinery has been installed and will be fully operational by March 1, 2021. Peterson expects to have 20,000 frames on hand at December 31,2020, and it has a policy of carrying an end-of-month inventory of 100% of the followina month's sales plus 50% of the second following month's sales. Question Viewer