Bramble 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. January February March April May Estimated unit sales 14,640 17,080 15.860 13,420 13,420 Unit selling price $50 $47.5 $47.5 $47.5 $47.5 Direct labor hours per unit 20 2.0 1.5 1.5 1.5 Direct labor cost per hour $8.0 $8.0 $8.0 $9.0 $9.0 Bramble has a labor contract that calls for a wage increase to $9.0 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. Bramble expects to begin the year with 21,472 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.