Ivanhoe 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 10,000 10.000 9.000 9.000 8.000 Sales price per unit $55.00 $52.60 $52.60 $52.60 $52.60 Direct labour hours per unit 2.00 2.00 1.50 1.50 1.50 Direct labour cost per hour $9.00 $9.00 $9.00 $10.00 $10.00 Ivanhoe has a labour contract that calls for a wage increase to $10.00 per hour on April 1. It has installed new labour-saving machinery, which will be fully operational by March 1. Ivanhoe expects to begin the year with 15,000 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month's sales, plus 50% of the next month's sales. (a) Prepare a production budget and a direct labour budget for Ivanhoe by month and for the first quarter of the year. The direct labour budget should include direct labour hours and show the detail for each direct labour cost category. (Round DLH per unit and labor rate per hour to 2 decimal places, e.g. 12.25 and all other answers to O decimal places, e.g. 125.)