Pina Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2017. March May January 10,300 $50.80 February 11,400 Estimated unit sales 8,200 April 8,100 $48.20 8,700 $48.20 $48.20 Sales price per unit Direct labor hours per unit Wage per direct labor hour $48.20 2.1 2.1 1.7 1.7 1.7 $8.00 $8.00 $8.00 $9.00 $9.00 Pina has a labor contract that calls for a wage increase to $9.00 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. Pina expects to begin the year with 17,140 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month's sales, plus 60% of the second following month's sales. (a) Your answer is partially correct. Try again. Prepare a production budget for Pina Company by month and for the first quarter of the year. PINA COMPANY Production Budget For the Quarter Ending March 31, 2017 Jan Feb Mar Total Sales in Units 10300 11400 8200 29900 Add Desired Ending Inventory 13320 13320 Total Needs Less Beginning Inventory 17140 17140 Required Production Units 8460