Concord 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 13.440 15,680 14,560 12,320 12,320 $50 $47.5 $47.5 $47.5 $47.5 Estimated unit sales Unit selling price Direct labor hours per unit Direct labor cost per hour 2.0 20 15 1.5 1.5 $8.0 $8.0 $8.0 $9.0 $9.0 Concord has a labor contract that calls for a wage increase to $9.0 per hour on April 1. Newlobortsaving machinery has been installed and will be fully operational by March Concord expects to begin the year with 19712 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 CONCORD COMPANY Production Budget For the Quarter Ending March 31, 2022 Jan Feb Sales in Units 13440 15680 Add : Desired Ending Inventory Total Required Units Lens Beginning inventory Required Production Units CONCORD COMPANY Production Budget For the Quarter Ending March 31, 2022 Jan Feb Mar Total 13440 15680 14560 SEA 43680 Prepare a direct labor budget for Concord 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, eg. 52.7) CONCORD COMPANY Direct Labor Budget Jan Feb Ma $ CONCORD COMPANY Direct Labor Budget Jan Feb Mar Total $ 5