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Scholastic Furniture, Incorporated, manufactures a variety of desks, chairs, tables, and shelf units that are...

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Accounting

Scholastic Furniture, Incorporated, manufactures a variety of desks, chairs, tables, and shelf units that are sold to public school systems throughout the Midwest. The controller of the company's Desk Division is currently preparing a budget for the second quarter of the year. The following sales forecast has been made by the division's sales manager.
\table[[April,11,000 desk-and-chair sets],[May,13,000 desk-and-chair sets],[June,16,000 desk-and-chair sets]]
Each desk-and-chair set requires 10 board feet of pine planks and 1.5 hours of direct labor. Each set sells for $52. Pine planks cost $.60 per board foot, and the division ends each month with enough wood to cover 10 percent of the next month's production requirements. The division incurs a cost of $23 per hour for direct-labor wages and fringe benefits. The division ends each month with enough finished-goods inventory to cover 20 percent of the next month's sales.
Required:
Complete the following budget schedules.
Sales budget.
Production budget (in sets).
Raw-material purchases.
Direct-labor budget.
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