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Sandoval Furniture builds high-end hand-made dining tables. Mackenzie Sandoval,

Sandoval Furniture builds high-end hand-made dining tables. Mackenzie Sandoval, the company’s owner, has developed the following sales forecast for 2015.1st Quarter2nd Quarter3rd Quarter4th QuarterForecasted sales (tables)2,5962,7362,9802,320Because of the time needed to create each table, Sandoval maintains an ending Finished Goods Inventory of 20 percent of the following quarter’s budgeted sales. Sandoval has been following this inventory policy for several years. The company ended 2014 with 519 tables on hand.The standard cost card for a table is as follows:Standard QuantityStandard PriceTotal Standard CostAmerican cherry wood25 board feet$5/board foot$125American cherry turning square (legs)4 squares$9/square36Direct labor12 DLH$15/DLH180Variable overhead12 DLH$55/DLH660Fixed overhead12 DLH$10/DLH120$1,121Prepare Sandoval’s production budget for 2015. Assume that the desired ending inventory for 2015 is 536 tables. (Round answers to 0 decimal places, e.g. 5,250.)Production Budget1stQuarter2ndQuarter3rdQuarter4thQuarterAnnual Total units requiredBudgeted ending inventoryBudgeted productionBudgeted unit salesBeginning inventory Budgeted ending inventoryBeginning inventoryTotal units requiredBudgeted productionBudgeted unit sales Budgeted unit salesBudgeted ending inventoryBudgeted ProductionBeginning inventoryTotal units required Beginning inventoryTotal units requiredBudgeted productionBudgeted unit salesBudgeted ending inventory Budgeted ending inventoryBeginning inventoryTotal units requiredBudgeted ProductionBudgeted unit sales

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