Cheyenne 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.

		January		February		March		April		May
Estimated unit sales		10,400		11,800		8,700		8,300		8,300
Sales price per unit		$50.70		$48.40		$48.40		$48.40		$48.40
Direct labor hours per unit		2.0		2.0		1.5		1.5		1.5
Wage per direct labor hour		$7.00		$7.00		$7.00		$8.00		$8.00

Cheyenne has a labor contract that calls for a wage increase to $8.00 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. Cheyenne expects to begin the year with 16,300 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following months sales, plus 50% of the second following months sales.

Prepare a production budget for Cheyenne Company by month and for the first quarter of the year.

Prepare a production budget for Cheyenne Company by month and for the first quarter of the year. CHEYENNE COMPANY Production Budget Jan Feb Mar Total Prepare a direct labor budget for Cheyenne Company by month and for the first quarter of the year. The direct labor budget should include direct labor hours. (Round Direct labor hours per unit answers to 1 decimal place, c.g. 52.7.) CHEYENNE COMPANY Direct Labor Budget Jan Feb Mar Total