Hello,

I need help with the following attachment question 2 part b, thanks.

CHAPTER 23 Question 2 part b 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 10,700 11,100 8,300 8,700 8,800 Sales price per unit $50.50 $47.60 $47.60 $47.60 $47.60 Direct labor hours per unit 2.0 2.0 1.6 1.6 1.6 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 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. (a) Your answer is partially correct. Try again. 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 10,700 11,100 8,300 30,100 Desired Ending Inventory 15,250 12,650 13,100 13,100 Total Materials Required 25,950 23,750 21,400 43,200 Beginning Inventory 16,250 15,250 12,650 16,250 Required Production Units 9,700 8,500 8,750 26,950 Sales in Units Mar Total Add : Less : SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 3 of 3 used (b) 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 Direct labor hours per unit answers to 1 decimal place, e.g. 52.7.) LOWELL COMPANY Direct Labor Budget Jan Feb Mar Total Production in Units Direct Labor Hours Per Unit Total Hours Needed $ $ $ $ $ $ Rate Per Hour Total Direct Labor $