Crane 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 12,720 14,840 13,780 11,660 11,660 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 Crane 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. Crane expects to begin the year with 18,656 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. (a) Sales in Units Add Total Needs Desired Ending Inventory Less : Beginning Inventory Required Production Units CRANE COMPANY Production Budget For the Quarter Ending March 31, 2022 Jani 12.720 Feb 14,840 M Jan CRANE COMPANY Production Budget For the Quarter Ending March 31.2022 eTextbook and Media: 12,720 Feb 14,840 Mar 13,780 Total 41,340