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  3. s swifty company makes and sells artistic frames

S Swifty Company makes and sells artistic frames for pictures. The controller is responsible...

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Accounting

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Swifty 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. Swifty has a labor contract that calls for a wage increase to $7.0 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. Swifty expects to begin the year with 19,008 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month's sales, plus 40% of the second following month's sales

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