Exercise 22-10 a-b Cullumber Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2020. Estimated unit sales Sales price per unit Direct labor hours per unit Wage per direct labor hour January 10,900 $50.20 2.3 February 11,900 $48.00 2.3 $8 March April 8,2008,700 $48.00 $48.00 1.5 1.5 $8 $9 May 8,100 $48.00 1.5 $9 Cullumber has a labor contract that calls for a wage increase to $9 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1. Cullumber expects to begin the year with 19,230 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month's sales, plus 70% of the second following month's sales. Prepare a production budget for Cullumber Company by month and for the first quarter of the year. CULLUMBER COMPANY Production Budget Total For the Year Ending March 31, 2020 For the Quarter Ending March 31, 2020 March 31, 2020 Prepare a direct labor budget for Cullumber Company by month and for the first quarter of the year. The direct labor budget should include direct labor hours. (Round Direct labor hours per unit answers to 1 decimal place, e.g. 52.7.) CULLUMBER COMPANY Direct Labor Budget Mar Total For the Year Ending March 31, 2020 For the Quarter Ending March 31, 2020 March 31, 2020 Click if you would like to Show Work for this question: Open Show Work