Waterway 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 : Waterway has a labour contract that calls for a wage increase to $9.00 per hour on April 1 - it has installed newlabour-saving muchinery, which will be fully operational by March 1. Waterway expects to begin the year with 16,000 trames on hand and has a policy of carrying an end-of-month inventery of 100 - of the following month's sales, plus 50% of the nete monthis saies. (a) Prepare a production budget and a direct labour budget for Waterway by month and for the first quarter of the year. The direct labour budget should include direct labour hours and show the detail for each direct labour cost category. (Round DLH per unit and labor rate per hour to 2 decimal places, eg. 12.25 and all other answers to 0 decimal places, es. 125)