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 10,200 $50.10 2.1 $8 February 11,300 $47.20 2.1 $8 April 8,700 9,000 $47.20 $47.20 March 1.7 $8 1.7 $9 May 8,800 $47.20 1.7 $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 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. oduction budget for Lowell Company by month and for the first quarter of the year.

Lowell Compary makes and selts artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2020 towell has a labor contract that calls for a wage increase to 39 per hour on Apeil 1 . New labor-saving machinery has beeninstalled and will be fully operationaf by March 1. Lowell expects to begin the year with 18,110 frames on hand and has a policy of carrying an end-ot-month inventory of 100% of the following month's sales, plus 70% of the second following month's sales