Bonita Furniture builds high-end hand-made dining tables. Attacus Simmons, the company's owner; has developed the following sales forecast for 2018.

Davis, Managerial Accounting, 3e Help System Announcements CALCULATOR PRINTER VERSION 4 BACK NE developed following sales forecast for 2018. Question 1 Bonita Furniture builds high-end hand-made dining tables. Attacus Simmons, the company's owner, 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Forecasted sales (tables) 2,519 2,785 2,975 1,835 Because of the time needed to create each table, Bonita maintains an ending Finished Goods Inventory of 20% of the following quarter's budgeted sales. Bonita has been following this inventory policy for several years. The company ended 2017 with 504 tables on hand. The standard cost card for a table is as follows: Standard Quantity Standard Price Total Standard Cost American cherry wood 25 board feet $4/board foot $100 American cherry turning square (legs) 4 squares $8/square 32 Direct labor 12 DLH $16/DLH 192 Variable overhead 12 DLH $56/DLH 672 Fixed overhead 12 DLH $9/DLH 108 $1,104 Your answer is correct. Prepare Bonita's production budget for 2018. Assume that the desired ending inventory for 2018 is 546 tables. (Round answers to o decimal places, e.g. 5,275.) Production Budget 1 Quarter 2nd Quarter 3rd Quarter 2,519 2,785 2,975 4th Quarter Annual Budgeted unit sales 1,835 10,114 Budgeted ending inventory : 557 595 367 546 546 Total units required 3,076 3,380 3,342 2,381 10,660 28 MacBook Pro YPLUS Davis, Managerial Accounting, de Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT RESOURCES Beginning inventory 504 557 595 267 504 Budgeted Production 2,572 2,823 2,747 2,014 10.156 SHOW ANSWER LINK TO TEXT LINK TO VIDEO * Your answer is incorrect. Try again. Bonita maintains inventory of American cherry wood equal to 10% of the following quarter's production needs. On December 31, 2017, Bonita's physical inventory count showed 5,551 board feet of American cherry. Due to an anticipated price increase in 2019, managers want to have 10.039 board feet of American cherry wood in inventory on December 31, 2018. Prepare Bonita's 2018 direct materials purchases budget for American cherry wood (Round answers to decimal places, g 5,275.) Direct Materials Purchases Budget Quarter Quarter 4th Quarter Annual 28 MacBook Pro Q Search or type URL % & Help System Announcements CALCULATOR PRINTER VERSION BACK RCES LULU LENK TO TEXT LINK TO VIDEO Your answer is incorrect. Try again. Prepare Bonita's direct labor budget for 2018. (Round answers to decimal places, 6.9. 5,275.) Direct Labor Budget 1 Quarter 21 Quarter 3 Quarter 4 Quarter Annual magan 28 A MacBook Pro Q Search or type URL US Help System Announcements CALCULATOR PRINTER VERSION BACK NET Your answer is incorrect. Try again. Assume that because of the skillevel required to make the tables, Bonita cannot easily hire additional workers to handle peaks in demand. Consequently, the company maintains a steady workforce of 60 employees and guarantees each worker 430 hours per quarter. For any additional time required to complete the scheduled production, these same workers earn 1.5 times their normal hourly rate. Prepare Bonita's direct labor budget for 2018. (Round overtime rate to 1 decimal place, e.g. 52.7 and all other answers to decimal places, e.g. 5,275.) Direct Labor Budget 1st Quarter 2nd Quarter 3rd Quarter oth Quarter Annual ODDODDO bobba Click if you would like to show Work for this question Open Show Work LINK TO TEXT LINK TO VIDEO 28 A W MacBook Pro Q Search or type URL