8-10 please

Use the following to answer questions 8-11: (20 points) Mattos Corporation manufactures custom wooden chairs, made with a special type of wood from a tree grown only on the planet Zutron. Because it is in limited supply, they cannot risk getting caught without wood on hand to make chairs, so inventory of wood at the end of a quarter must be equal to 20% of next. quarter's production needs Company standards call for 20 feet of wood per chair at a standard cost of $3 per foot. Their production budget for 2020 and the first quarter of 2021 are as follows: 2020 Fiscal Year 1st a 2nd Q 3rd Q 4th Q Budgeted production (in chairs) 6,000 9,000 15,000 10.000 Actual production (in chairs) 7,000 12.000 20,000 12,000 4,000 feet of wood were on hand at the end of the 3rd quarter of 2020. Total 40,000 51,000 8. The budgeted feet of wood needed for production in Quarter 4 would be: feet 9. The budgeted cost of wood needed to be purchased during Quarter for would be: 10. What is a standard" as used in the question above? Use the following to answer questions 8-11: (20 points) Mattos Corporation manufactures custom wooden chairs, made with a special type of wood from a tree grown only on the planet Zutron. Because it is in limited supply, they cannot risk getting caught without wood on hand to make chairs, so inventory of wood at the end of a quarter must be equal to 20% of next. quarter's production needs Company standards call for 20 feet of wood per chair at a standard cost of $3 per foot. Their production budget for 2020 and the first quarter of 2021 are as follows: 2020 Fiscal Year 1st a 2nd Q 3rd Q 4th Q Budgeted production (in chairs) 6,000 9,000 15,000 10.000 Actual production (in chairs) 7,000 12.000 20,000 12,000 4,000 feet of wood were on hand at the end of the 3rd quarter of 2020. Total 40,000 51,000 8. The budgeted feet of wood needed for production in Quarter 4 would be: feet 9. The budgeted cost of wood needed to be purchased during Quarter for would be: 10. What is a standard" as used in the question above