Lowell Company makes and sells artistic frames for pictures The controller is responsible for preparing the master budget and

Question

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 2020 Estimated unit sales Sales price per unit Direct labor hours per unit Wage per direct labor hour a January plas 10 400 50 70 Desired Ending Direct Materials 20 7 February 11 800 48 40 2 0 7 March April 8 700 8 300 8 300 48 40 48 40 48 40 1 5 7 Jan 1 5 Lowell has a labor contract that calls for a wage increase to 8 per hour on April 1 New labor saving machinery has been installed and will be fully qperational by March 1 W Lowell expects to begin the year with 16 300 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 May 8 Prepare a production budget for Lowell Company by month and for the first quarter of the year 14 157 1 5 8 LOWELL COMPANY Production Budget For the Year Ending March 31 2020 Feb Mar

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