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 $37.5 $37.5 $37.5 $37.5 Direct labor hours per unit 20 20 1.5 1.5 15 Direct labor cost per hour $7.0 $7.0 $7.0 $8.0 $8.0 Vaughn 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 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 month's sales Prepare a production budget for Vaughn Company by month and for the first quarter of the year. Jan VAUGHN COMPANY Production Budget Feb