Question 1 of 13 View Policies -/25 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 Estimated unit sales 10.320 Unit selling arke $50 $47.5 $475 March April May 12040 11.180 3,460 9460 $475 $47.5 Direct labor hours per unit 201 2.0 15 15 15 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 59.0 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. Prepare a production budget for Concord Company by month and for the first quarter of the year. CONCORD COMPANY Production Budged For the Quarter Frading March 31, 20220 Jan 10.320 Feb 12010 Mar 11.180 Total 33540 16512 14,054 13.244 1324 eTextbook and Media "648" 26.232 27,004 24,424 46,784 15.136 16,512 24.964 15.136