Exercise 13-10 Flounder Compeny 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 AprilMay Estimated unit sales Sales price Direct labor hours per unit Wage per direct labor hour 10,600 $50.20 2.3 $7.00 11,400 8,900 8,800 8,300 $48.30 $48.30 S48.80 48.80 1.7 $7.00 S7.00 8.00 $8.00 per unit 2.3 1.7 Flounder has a labor contract that calls for a wage increase to $8.00 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. Flounder expects to begin the year with 15,160 frames on hand and has a policy of ca ing an end-of-month inventory of 100% of the following month's sales, plus 40% of the second following month's sales. Prepare a production budget for Flounder Company by month and for the first quarter of the year FLOUNDER COMPANY Feb Mar Total Prepare a direct labor budget for F ounder 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 dec mal place, e g. 52.7. FLOUNDER COMPANY Direct Labor Budget Jan Feb Mar Total