How to solve this question? It's my WILEY PLUS homework.

Question 2 Sheridan 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. January February March April May Estimated unit sales 10,700 11,100 8,300 8,700 8,800 Sales price per unit $50.50 $47.60 $47.60 $47.60 $47.60 Direct labor hours per unit 2.0 2.0 1.6 1.6 1.6 Wage per direct labor hour $8 $8 $8 $9 $9 Sheridan 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. Sheridan expects to begin the year with 16,250 frames on hand and has a policy of carrying an end-ofmonth inventory of 100% of the following month's sales, plus 50% of the second following month's sales. v (a) Prepare a production budget for Sheridan Company by month and for the rst quarter of the year. SHERIDAN COMPANY Production Budget Jan Feb Mar Total 4 v v v A a v v o Click if you would like to Show work for this question: gpen Show Work Attempts: 0 of 3 used SAVE FOR LATER