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		10,200		11,300		8,700		9,000		8,800
Sales price per unit		$50.10		$47.20		$47.20		$47.20		$47.20
Direct labor hours per unit		2.1		2.1		1.7		1.7		1.7
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 installed and will be fully operational by March 1. Lowell expects to begin the year with 18,110 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following months sales, plus 70% of the second following months sales.

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 8,700 April 9,000 May Estimated unit sales Sales price per unit Direct labor hours per unit Wage per direct labor hour 10,200 $50.10 2.1 $8.00 8,800 $47.20 $47.20 $47.20 $47.20 1.7 $8.00 $8.00 $9.00 $9.00 11,300 2.1 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 March 1 Lowell expects to begin the year with 18,110 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month's sales, plus 70% of the second following month's sales (a) 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 LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS Attempts: 0 of 5 usedSAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above