Each acoustic guitar requires a maple neck blank, which Swifty purchases for $45. On December 31, 2017, Swifty had 410 neck blanks in inventory. Spoilage during the production process results in a standard quantity of 1.5 necks per acoustic guitar. Because of recent delivery problems, Swifty wants to maintain an ending inventory equal to 50% of the following quarter's production needs. Since the supplier has assured Swifty that the delivery issues will be resolved by the end of December, Swifty wants only 390 neck blanks in inventory on December 31, 2018. Prepare the purchases budget for neck blanks for 2018.(Enter "per guitar" value to 1 decimal place, e.g. 3.1. Round all other answers to 0 decimal places, e.g. 153.)

Purchases Budget

1st Q 2nd Q 3rd Q 4th Q Annual

Budget Production 274 276 306 285 1141

Standard Necks per guitar 1.5 1.5 1.5 1.5 1.5

Production needs

Budgeted ending inventory

TOTAL DM required (necks)

Beginning inventory

Budgeted Purchases (necks)

Standard Price per necks

Budgeted Purchases cost

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