Coronado Furniture builds high-end hand-made dining tables. Attacus Simmons, the companys owner, has developed the following sales forecast for 2022.

		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Forecasted sales (tables)		2,600		3,000		2,800		1,900

Because of the time needed to create each table, Coronado maintains an ending Finished Goods Inventory of 20% of the following quarters budgeted sales. Coronado has been following this inventory policy for several years. The company ended 2021 with 450 tables on hand. The standard cost card for a table is as follows:

		Standard Quantity		Standard Price			Total Standard Cost
American cherry wood		20 board feet		$4/board foot				$80
American cherry turning square (legs)		4 squares		$8/square				32
Direct labor		8 DLH		$15/DLH				120
Variable overhead		8 DLH		$45/DLH				360
Fixed overhead		8 DLH		$12/DLH				96
								$688

(a)

New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is partially correct.

Prepare Coronados production budget for 2022. Assume that the desired ending inventory for 2022 is 500 tables.

Production Budget
	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Annual
select an opening production budget item Budgeted unit salesBeginning inventoryBudgeted productionTotal units requiredBudgeted ending inventory	enter a number of units	enter a number of units	enter a number of units	enter a number of units	enter a number of units
select a production budget item Beginning inventoryTotal units requiredBudgeted ending inventoryBudgeted productionBudgeted unit sales	enter a number of units	enter a number of units	enter a number of units	enter a number of units	enter a number of units
select a summarizing line for the first part Budgeted ProductionBeginning inventoryBudgeted ending inventoryTotal units requiredBudgeted unit sales	enter a total number of units for the first part	enter a total number of units for the first part	enter a total number of units for the first part	enter a total number of units for the first part	enter a total number of units for the first part
select a production budget item Budgeted productionBeginning inventoryTotal units requiredBudgeted ending inventoryBudgeted unit sales	enter a number of units	enter a number of units	enter a number of units	enter a number of units	enter a number of units
select a closing production budget item Budgeted unit salesTotal units requiredBudgeted ProductionBudgeted ending inventoryBeginning inventory	enter a total number of units	enter a total number of units	enter a total number of units	enter a total number of units	enter a total number of units