Case Number 3: Aaron Furniture builds high-end hand-made dining tables. Attacus Simmons, the company's owner, has developed the following sales forecast for 2022. Funerea Forcedes (2.700 3.000 28001,90 Because of the time needed to create cach table, Aaron maintains an ending Finished Goods Inventory of 20% of the following quarter's budgeted sales. Aaron has been following this inventory policy for several years. The company ended 2021 with 475 tables on hand. The standard costcard for a table follows: Standard Com Quantity Price American cherry wood 20 beard feel the feet American cherry singurele se Dilber BDLH SISDLH 120 DH 545LH 0 Fixed overhead DLH SIDH Required: 1. Prepare Aaron's production budget for 2022. Assume that the desired ending inventory for 2022 is 500 tables (3) 2. Aaron maintains inventory of American cherry wood equal to 3% of the following quarter's production needs. On December 31, 2021, Aaron's physical inventory count showed 4,800 board feet of American cherry. Due to an anticipated price increase in 2023, managers want to have 5,000 board feet of American cherry wood in inventory on December 31, 2022. Prepare Aaron's 2022 direct materials purchases budget the American cherry wood 3. Prepare Aaron's direct labor budget for 2022. (3) for