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Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. The S12L7 sells for $475, and the S12L5 sells for $300. Projected sales (number of speakers) for the coming five quarters are as follows: S12L7 S12L5 First quarter, 20Y1 960 1,560 Second quarter, 20Y1 2,640 1,680 Third quarter, 20Y1 6,720 6,360 Fourth quarter, 20Y1 5,520 4,680 First quarter, 20Y2 1,080 1,440 The vice president of sales believes that the projected sales are realistic and can be achieved by the company. Stillwater Designs needs a production budget for each product (representing the amount that must be outsourced to manufacturers located in Asia). Beginning inventory of S12L7 for the first quarter of 20Y1 was 340 boxes. The company's policy is to have 20% of the next quarter's sales of S12L7 in ending inventory. Beginning inventory of S12L5 was 170 boxes. The company's policy is to have 30% of the next quarter's sales of S12L5 in ending inventory. Required: Prepare a production budget for each quarter for 20Y1 and for the year in total. Still Prepare a production budget for each quarter for 20Y1 and for the year in total. Stillwater Designs Production Budget for S12L7 For the Year Ended December 31, 20Y1 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. 960 2,640 6,720 5,520 Year Sales 15,840 Desired ending inventory 528 1,344 1,104 216 216 Total needs 1,488 3,984 7,824 5,736 19,032X Less: Beginning inventory 340 528 1,344 1,104 340 Units produced 1,148 3,456 6,480 4,632 18,692 Prepare a production budget for each quarter for 20Y1 and for the year in total. If required, round your answers to nearest whole value. Stillwater Designs Production Budget for S12L5 For the Year Ended December 31, 20Y1 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. 1,560 1,680 4,680 Year Sales 6,360 14,280 Desired ending inventory 504 300 x 300 300 300 Total needs Less: Beginning inventory 170 170 170 170 X 170 Units produced Andrews Company manufactures a line of office chairs. Each chair takes $16 of direct materials and uses 1.9 direct labor hours at $16 per direct labor hour. The variable overhead rate is $1.10 per direct labor hour, and the fixed overhead rate is $1.40 per direct labor hour. Andrews expects to have 640 chairs in ending inventory. There is no beginning inventory of office chairs. Required: 1. Calculate the unit product cost. Round your answer to the nearest cent. $ 294.1 X 2. Calculate the cost of budgeted ending inventory. Round your answer to the nearest dollar

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