LUJ Kimmel, Accounting, 6e SOURCES LOWELL COMPANY Production Budget For the Year Ending March 31, 2017 Jan Total Sales in Units 10700 11100 830d 30100 Add Desired Ending Inventory 15250 12650 13100 13100 ey Study Total Materials Required 25950 2375 2 1400 43200 Less Beginning Inventory (16250) (16250) (15250) 8500 (12650) $ 8750 Total cost of Direct Materials Purchases 9700 26950 LINK TO TEXT LINK TO TEXT VIDEO, APPLIED SKILLS 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 Direc LOWELL COMPANY Direct Labor Budget For the Quarter Ending March 31, 2017 Har Total Click if you would like to show Work for this question s he work CES Exercise 21-10 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. Estimated unit sales Sales price per unit Direct labor hours per unit Wage per direct labor hour January 10,700 $50.50 2.0 $8.00 February 11,100 $47.60 2.0 $8.00 March 8,300 $47.60 1.6 $8.00 April 3,700 $47.60 1.6 59.00 8,300 $47.60 1.6 $9.00 tudy 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 16,250 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