Roletter Company makes and sells artistic frames for picturesof? weddings, graduations, and other special events. Ron Kyler?,the? controller, is responsible for preparing Roletter?'s masterbudget and has accumulated the following information for 2018?:LOADING...?(Click the icon to view some of the financial?information.)???? LOADING...?(Click the icon to view additional?information.) Read the requirements LOADING.... Requirement 1.Prepare a production budget and a direct manufacturing labor costbudget for Roletter Company by month and for the first quarter of2018. You may combine both budgets in one schedule. The directmanufacturing labor cost budget should include? labor-hours andshow the details for each labor cost category. Start the scheduleby preparing the production budget and calculating the total hoursof direct manufacturing labor time needed for the three months inthe? quarter, then calculate the values for the quarter. Finish bypreparing the bottom portion of the schedule for the directmanufacturing labor by? month, then quarter. ?(Enter the directmanufacturing? labor-hours per unit to one decimal? place, X.X. Donot round interim? calculations, and then enter all amounts in thebudget? [other than the direct manufacturing? labor-hours per?unit] to the nearest whole? number.) Roletter Company Budget forProduction and Direct Manufacturing Labor For the Quarter EndedMarch 31, 2018 January February March Budgeted sales (units) Addtarget ending finished goods inventory (units) Total requirements(units) Deduct beginning finished goods inventory (units) Units tobe produced Direct manufacturing labor-hours per unit Total hoursof direct manufacturing labor time needed Enter any number in theedit fields and then click Check Answer. 5 parts remaining DataTable 2018 January February March April May Estimated sales inunits 12,000 13,000 9,000 10,000 10,000 Selling price $54.00 $52.50$52.50 $52.50 $52.50 Direct manufacturing labor-hours per unit 2.02.0 1.5 1.5 1.5 Wage per direct manufacturing labor-hour $12.00$12.00 $12.00 $14.00 $14.00 More Info In addition to? wages, directmanufacturing? labor-related costs include pension contributions of?$0.60 per? hour, worker's compensation insurance of ?$0.20 per?hour, employee medical insurance of ?$0.40 per? hour, and SocialSecurity taxes. Assume that as of January? 1, 2018?, the SocialSecurity tax rates are? 7.5% for employers and? 7.5% for employees.The cost of employee benefits paid by Roletter on its directmanufacturing employees is treated as a direct manufacturing laborcost. Roletter has a labor contract that calls for a wage increaseto $ 14 per hour on April? 1, 2018. New? labor-saving machinery hasbeen installed and will be fully operational by March? 1, 2018.Roletter expects to have 17 comma 500 frames on hand at December?31, 2017?, and it has a policy of carrying an? end-of-monthinventory of? 100% of the following? month's sales plus? 50% of thesecond following? month's sales.