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 $475 $475 $475 $47.5 Direct labor hours per unit 20 20 1.5 15 15 Direct labor cost per hour $80 $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 months sales, plus 40% of the second following months sales (a) Prepare a production budget for Crane Company by month and for the best quarter of the year CRANE COMPANY Production Budget Jan Feb (a) Prepare a production budget for Crane Company by month and for the first quarter of the year CRANE COMPANY Production Budget Jan Feb eTextbook and Media Sare for Later Attempts: 0 of 2 used Submit (b) Prepare a direct labor budget for Crane 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 places 52.73 CRANE COMPANY Die (a) Prepare a production budget for Crane Company by month and for the first quarter of the year. CRANE COMPANY Production Budget Jan Feb Mar Total e Textbook and Media Save for late Attempts: 0 of 2 used Submit Answer (b) Prepare a direct labor budget for Crane 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, as 52.7) CRANE COMPANY Direct Labor Budget eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Arewer (b). Prepare a direct labor budget for Crane 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, as 52.7) CRANE COMPANY Direct Labor Budget Jan Feb > V $ e Textbook and Martin e Textbook and Media Save for later Attempts.O of 2 used Submit Answer (b) Prepare a direct labor budget for Crane 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, es, 527) CRANE COMPANY Direct Labor Budget Jan Feb Mar Total $ e Textbook and Media e Textbook and Media Save for later Attempts.O of 2 used Submit Answer (b) Prepare a direct labor budget for Crane 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, es, 527) CRANE COMPANY Direct Labor Budget Jan Feb Mar Total $ e Textbook and Media