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 2017. unit sales 10,500 11,700 8,400 8,900 9,000sales price per unit $50.10 $47.10 $47.10 $47.10 $47.10direct labor hours per unit 2.1 2.1 1.5 1.5 1.5wage per direct labor hour $9.00 $9.00 $9.00 $10.00 $10.00lowell has a labor contract that calls for a wage increase to $10.00 per hour on april 1. new labor-saving machinery has been installed and will be fully operational by march 1.lowell expects to begin the year with 18,690 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month’s sales, plus 70% of the second following month’s sales. a.)prepare a production budget for lowell company by month and for the first quarter of the year. lowell company production budget for the quarter ending march 31, 2017 jan feb mar total sales in units 10500 11700 8400 30600 add desired ending inventory required production units less beginning inventory required production unitsb.)prepare a direct labor budget for lowell company by month and for the first quarter of the year. the direct labor budget should include direct labor hours.

Ryan terlecki organized a new internet company, capuniverse, inc. the company specializes in baseball-type caps with logos printed on them. ryan, who is never without a cap, believes that his target market is college and high school students. you have been hired to record the transactions occurring in the first two weeks of operations. issued 2,900 shares of $0.01 par value common stock to investors for cash at $29 per share. borrowed $68,000 from the bank to provide additional funding to begin operations; the note is due in two years. paid $1,000 for the current month's rent of a warehouse and another $1,000 for next month's rent. paid $1,440 for a one-year fire insurance policy on the warehouse (recorded as a prepaid expense). purchased furniture and fixtures for the warehouse for $16,000, paying $3,200 cash and the rest on account. the amount is due within 30 days. purchased for $2,800 cash the university of pennsylvania, notre dame, the university of texas at austin, and michigan state university baseball caps as inventory to sell online. placed advertisements on google for a total of $340 cash. sold caps totaling $1,900, half of which was charged on account. the cost of the caps sold was $1,100. (hint: make two entries.) made full payment for the furniture and fixtures purchased on account in (e). received $280 from a customer on account.

While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?

In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?