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 2017. April January February March 11,000 11,700 8,000 May 8,300 9,000 $50.60 $48.20 $48.20 $48.20 $48.20 Estimated unit sales Sales price per unit Direct labor hours per unit Wage per direct labor hour 2.4 2.4 1.7 1.7 1.7 $7.00 $7.00 $7.00 $8.00 $8.00 Sheffield has a labor contract that calls for a wage increase to $8.00 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. -1. Sheffield expects to begin the year with 18,020 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. Prepare a production budget for Sheffield Company by month and for the first quarter of the year. SHEFFIELD COMPANY Production Budget Jan Feb Mar Total . . . LINK TO TEXT LINK TO TEXT VIDEATYTI Prepare a direct labor budget for Sheffield Company by month and for the first quarter of the year. The direct labar budget should include direct labor hours. (Round Direct labor hours per unit answers to 1 decimal place, e.g. 52.7.) SHEFFIELD COMPANY Direct Labor Budget Jan Feb Mar Total . . . $ s