Current Attempt in Progress 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. 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 monthis sales, plus 40% of the second following month's sales. (a) Prepare a production budget for Crane Company by monthand for the first quarter of the year. Prepare a production budget for Crane Company by month and for the first quarter of the year. Prepare a production budget for Crane Company by month and for the first quarter of the year