Sheridan 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. Estimated unit sales Unit selling price Direct labor hours per unit Direct labor cost per hour January 13.680 $40 2.0 $7.0 February 15,960 $37.5 2.0 $7.0 March 14.820 $37.5 1.5 $7.0 April 12.540 $37.5 1.5 $8.0 May 12,540 $37.5 1.5 $8.0 Sheridan has a labor contract that calls for a wage increase to $8.0 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. Sheridan expects to begin the year with 20,064 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.

Sheridan 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. Sheridan has a labor contract that calls for a wage increase to $8.0 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. Sheridan expects to begin the year with 20,064 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 direct labor budget for Sheridan Company by month and for the first quarter of the year. The direct labor budget should Prepare a production budget for Sheridan Company by month and for the first quarter of the year. Attempts: 3 of 5 used (b) Prepare a direct labor budget for Sheridan Company by month and for the first quarter of the year. The direct labor budget should