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Prepare production and direct labour budgets. 11P10.54 (LO2.3) Raddington Inc. makes and sellschairs. The controller is responsible for preparing the master bort and has accumulated the following information for 2022 January February March April May Estimated unit sale 15.000 10,000 13.000 14.000 14.000 Sales price per unit $85 57% $ 925 75 Direct labour hours per unit 2 2 1.5 15 15 Wage per direct labour hour 318 $18 SID 320 320 Raddington Inc. has a labour contract that calls for a wage increase to $20 per hour on April 1. It has installed sew labour saving machinery, which will be fully operational by March Raddington Inc. expects to begin the year with 24,000 chain 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 Instructions a. Prepare a production budget and a direct labour budget for Raddington Inc. 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 a. Production for February 13.500 units, direct labour total: $1423,000 b. For each item used in Raddington Inc.'s production budget and its direct labour budget, Identity the other component the master budget (budget package) that would also use these data