Bonita Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2027. Bonita has a labor contract that calls for a wage increase to $9.00 per hour on April 1. New labor-sawing machinery has been installed and will be fully operational by March 1. Bonita ogects to begin the year with 20,416 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following inonth's sales, plus 40% of the second following month's sales. Prepare a production budget for Bonita Company by month and for the first quarter of the year. Prepare a production budget for Bonita Company by month and for the first quarter of the year