Question 16 of 20 - / 7.5 III = Current Attempt in Progress Oriole Company makes...

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Question 16 of 20 - / 7.5 III = Current Attempt in Progress Oriole Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2022. January February March April May Estimated unit sales 12,480 14,560 13,520 11,440 11,440 Unit selling price $40 $37.5 $37.5 $37.5 $37.5 Direct labor hours per unit 2.0 2.0 1.5 1.5 1.5 Direct labor cost per hour $7.0 $7.0 $7.0 $8.0 $8.0 Oriole has a labor contract that calls for a wage increase to $8.0 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. Oriole expects to begin the year with 18,304 frames on hand and has a policy of carrying an end-of-month inventory of 10 following month's sales, plus 40% of the second following month's sales. SUPPORT Question 16 of 20 - / 7.5 III = Current Attempt in Progress Oriole Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2022. January February March April May Estimated unit sales 12,480 14,560 13,520 11,440 11,440 Unit selling price $40 $37.5 $37.5 $37.5 $37.5 Direct labor hours per unit 2.0 2.0 1.5 1.5 1.5 Direct labor cost per hour $7.0 $7.0 $7.0 $8.0 $8.0 Oriole has a labor contract that calls for a wage increase to $8.0 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. Oriole expects to begin the year with 18,304 frames on hand and has a policy of carrying an end-of-month inventory of 10 following month's sales, plus 40% of the second following month's sales. SUPPORT