Current Attempt in Progress 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 Estimated unit sales 10,320 12,040 11,180 9,460 9,460 Unit selling price $50 $47.5 $47.5 $47.5 $47.5 Direct labor hours per unit 2.0 2.0 1.5 1.5 1.5 Direct labor cost per hour $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. New labor-saving machinery has been installed and will be fully operational by March 1. Concord expects to begin the year with 15,136 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) Prepare a production budget for Concord Company by month and for the first quarter of the year. eTextbook and Media Save for Later Jan CONCORD COMPANY Production Budget Feb Attempts: 0 of 2 used Submit Answer