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 2020. Estimated unit sales Sales price per unit Direct labor hours per unit Wage per direct labor hour January 10,400 $50.90 . 2.2 $8 February 11,500 $48.30 2.2 $8 March 8,900 $48.30 1.5 April 8,700 $48.30 1.5 $9 May 8,500 $48.30 1.5 $8 $9 Lowell has a labor contract that calls for a wage increase to $9 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 16,150 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 second following month's sales. Your answer is partially correct. Try again. Prepare a production budget for Lowell Company by month and for the first quarter of the year. od LOWELL COMPANY Production Budget Jan Feb Mar Total Expected Unit Sales T10400 711500 18900 Add Desired Ending Finished Goods Unit fotal Required Units Total Required Units Less Beginning Finished Goods Unit TRequired Production Units Your answer is partially correct. Try again. Prepare a direct labor budget for Lowell Company by month and for the first quarter of the year. The direct labor bu 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 Feb Mar Total TUnits to be produced Direct Labor Time (Hours) Per Unit Direct Labor Time (Hou Cost Per Pound Total Direct Labor Cost