Sunland 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 11.280 13,160 12,220 10,340 10,340 Unit selling price $40 $37.5 $37.5 $37.5 $37.5 Direct labor hours per unit 20 20 1.5 15 1.5 Direct labor cost per hour $7.0 $7.0 $7.0 $8.0 $8.0 Sunland 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 Sunland expects to begin the year with 16.544 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. (a) Prepare a production budget for Sunland Company by month and for the first quarter of the year. SUNLAND COMPANY Production Budget Jan Feb Mar Total Sunland 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. Sunland expects to begin the year with 16,544 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. (a) Prepare a production budget for Sunland Company by month and for the first quarter of the year. SUNLAND COMPANY Production Budget eTextbook and Media Jan Feb Sunland 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. Sunland expects to begin the year with 16,544 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. (a) Prepare a production budget for Sunland Company by month and for the first quarter of the year. SUNLAND COMPANY Production Budget Jan eTextbook and Media Feb Mar Total