pen Assignment FULL SCREEN | | PRINTER VERSION ESOURCES Exercise 9-10 (Part Level Submission) Lowell Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information EVEN January February March April May Estimated unit sales Sales price per unit Direct labor hours per unit Wage per direct labor hour 11,600 8,900 8,500 8,400 $50.50 $48.40 $48.40 $48.40 $48.40 2.2 1.7 1.7 1.7 $8.00 $8.00 9.00 $9.00 11,000 (Part sion) 2.2 $8.00 10 16 21 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 Mard Lowell expects to begin the year with 19,120 rames on hand and has a policy of car ying an end of th inventory of 100% of the follo ing month's sales, plus 20% of second following month's sales. Your answer is incorrect. Try again. Prepare a production budget for Lowell Company by month and for the first quarter of the year LOWELL COMPANY Production Budget Feb Mar Total Jan