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 Estimated unit sales 11,760 13,720 Unit selling price 60.00 57.50 Direct labor hours per unit 2.00 2.00 Direct labor cost per hour 6.00 6.00 Vaughn has a labor contract that calls for a wage increase to $7.0 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 17,248 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following months sales, plus 40% of the second following months sales. a. Prepare a production budget for Vaughn Company by month and for the first quarter of the year.