Wileys electronics has a policy of maintaining a finished goods inventory balance at the end of a month equal to 30% of the budgeted sales requirements of the following month. The ending inventory balance on 30 January was 840 units, and the projected unit sales for February, March, and April were 4,800, 5,200, and 5,400 units respectively. The labor requirements per unit produced are as follows:

Particulars	Time required (hours)	Rate per hour
Machining	1.8	$23
Sorting	0.9	$18
Assembly	2.2	$22

1. Prepare a production budget for February and March.
2. Prepare a direct labor budget for February and March.

Please do not copy from Chegg. Only attempt if you are sure about the answer. Solve in a step by step manner, explaining each step.