Next > Question 3 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 Aprll May 10,400 11,500 8,900 8,700 8500 $5090 $48.30 $48.30 $48.30 $48.30 22 15 15 15 Wage per direct labor hour $800 $8.00 $8.00 $9.00 $9.00 Estimated unit sales Sales price per unit Direct labor hours per unit 22 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 16,150 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the follawing month's sales, plus 50% of the second following month's sales. Your answer is partially correct Prepare a production budget for Lowell Company by month and for the first quarter of the year LOWELL COMPANY Production Budget For the Quarter Ending March 31, 2017 Prepare a production budget for Lowell Company by month and for the first quarter of the year LOWELL COMPANY Production Budget For the Quarter Ending March 31, 2017 Jan Feb Mar Tota iles in Units 10,400 17,250 27,650 16,150 8,400 13,050 21,450 13,350 8,100 dd Desired Ending Direct Materials 13,350 tal Needs 24,850 ss Beginning Inventory 17,250 aquired Production Units 7,600 eTextbook and Media eTextbook 1 eTextbook 2 Media Prepare a direct labor budget for Lowell Company by month and for the first quarter of the year. The direct labor budget should incl hours. (Round Direct labor hours per unit answers to 1 decimal place, e-g. 52.7.) LOWELL COMPANY Direct Labor Budget Jan Feb Mar Tota eTextbook and Media