Kingbird Company makes and sells artistic frames for pictures. The controller is responsible for preparing...

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Accounting

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Kingbird Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and ha accumulated the following information for 2022; Kingbird has a labour contract that calls for a wage increase to $9.00 per hour on April 1 . It has installed new labour-saving machin: which will be fully operational by March 1. Kingbird expects to begin the year with 17,500 frames on hand and has a policy of carrying an end-of-month inventory of 100% of t following month's sales, plus 50% of the next month's sales. (a) Prepare a production budget and a direct labour budget for Kingbird by month and for the first quarter of the year. The direct labour budget should include direct labour hours and show the detail for each direct labour cost category. (Round DLH per unit and I rate per hour to 2 decimal places, eg. 12.25 and all other answers to 0 decimal places, e. 8. 125.) Kingbird expects to begin the year with 17,500 frames on hand and has a policy of carrying an end-of-month inventory of 100 of of the following month's sales, plus 50% of the next month's sales. (a) Prepare a production budget and a direct labour budget for Kingbird by month and for the first quarter of the year. The direct labour budget should include direct labour hours and show the detail for each direct labour cost category. (Round DLH per unit and laborrate per hour to 2 decimal ploces, es. 12.25 and all other answers to 0 decimal ploces, eg. 125. KINGBIRD COMPANY Direct Labour Budget For the quarter ending March 31, 2022

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