Vaughn 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

14,880

17.360

16,120

13.640

13,640

Unit selling price

$40

$375

$375

$375

$375

Direct labor hours per unit

20

20

1.5

15

1.5

Direct labor cost per hour

$70

$7.0

$7.0

$80

$8.0

Vaughn has a labor contract that calls for a wage increase to $ 8.0 per hour on April 1

and will be fully operational by March

-saving machinery has been installed

Vaughn expects to begin the year with 21,824 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 months sal

Prepare a production budget for Vaughn Company by month and for the first quarter of the year.

VAUGHN COMPANY

Vaughn Compary makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2022. Vaugtin hav a tabor contract that calls for a wagn incroase to 58.0 per hour on April 1. New labor - axirg machinery has been installed and will be fully operational by March 1. Viugfin expects to begin the year with 22,824 frames on hand and has a policy of carrying an end-of - month lineritory of 100 s of the following monthis sales plus 40% of the second following monthis sales. Prepare a production budget for Vaughn Company by month and for the first quarter of the year