Sheffield 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 15,120 17,640 16,380 13,860 13,860 Unit selling price $50 $47.5 $47.5 $47.5 $47.5 Direct labor hours per unit 2.0 2.0 1.5 1.5 1.5 Direct labor cost per hour $8.0 $8.0 $8.0 $9.0 $9.0 Sheffield 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. Sheffield expects to begin the year with 22,176 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 Sheffield Company by month and for the first quarter of the year. eTextbook and Media Jan SHEFFIELD COMPANY Production Budget Feb