Lowell Company makes and sells artistic frames for pictures. The controller 5 responsible for preparing the master budget and has accumulated the following information for 2017 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 installed and will be fully operational by Mare 1. Lowell expects to begin the yea' with 17, 600 frames on hand 3nd has a policy of carrying an end-of-month inventory of 100% of the following month's sales, Prepare a production budget for Lowell Company by month and for the first quarter of the year. 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.)