Marigold Furniture builds high-end hand-made dining tables. Attacus Simmons, the company's owner, has developed the following sales forecast for 2022. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Forecasted sales (tables) 2,500 3,000 2,900 1.900 Because of the time needed to create each table, Marigold maintains an ending Finished Goods Inventory of 20% of the following quarter's budgeted sales. Marigold has been following this inventory policy for several years. The company ended 2021 with 475 tables on hand. The standard cost card for a table is as follows: Total Standard Standard Quantity Standard Price 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 Budgeted unit sales Budgeted ending inventory 1st Quarter 2500 600 Production Budget 2nd Quarter 3rd Quarter 3000 Total units required 3100 Beginning inventory 475 i 600 Budgeted Production 2625 580 3580 2980 -580 2900 380 3280 2700 Production Budget 2nd Quarter 3000 580 3580 3rd Quarter 4th Quarter 2900 1900. 380 3280 600 i -580 2980 2700 500 2400 -380 2020 Annual 10300 500 10800 475 10325 Budgeted production Standard board feet 1st Quarter Production needs 2625 20 Direct Materials Purchases Budget 2nd Quarter 2980 20 3rd Quarter 270 20 52500 59600 54000 Budgeted ending inventory 5960 5400 4040 Total DM required 58460 65000 58040 Beginning inventory Budgeted purchases Standard price per board foot Budgeted purchases cost 4800 53660 4 214640 5960 i 5400 59040. 4 236160 S 5264 21056 $ Direct Materials Purchases Budget 2nd Quarter 2,980 20 59,600 3rd Quarter 2,700 20 20 54,000 4th Quarter 2,020 20 20 40,400 Annual 10.325 20 206,500 5,400 4,040 5,000 5,000 65,000 58,040 45,400 211,500 5,960 i 5,400 i 4,040 i 4,800 59,040 4 236,160 52,640 4 210,560 41,360 4 165,440 206,700 4 826,800 Prepare Marigold's direct labor budget for 2022. Budgeted DL cost Total DLH required Standard wage rate Standard DLH per unit Budgeted production eTextbook and Media Save for Later S Direct Labor Budget 1st Quarter 2nd Quarter St S A 3rd Quarter Attempts: 0 of 3 used Submit Answer Prepare Marigold's direct labor budget for 2022. v 3 eTextbook and Media Save for Later A Direct Labor Budget 3rd Quarter 2nd Quarter 1st Quarter S S S Attempts: 0 of 3 used Submit Answer 3rd Quarter 4th Quarter Annual Prepare Marigold's direct labor budget for 2022. Direct Labor Budget 2nd Quarter S eTextbook and Media Save for Later Attempts: 0 of 3 used Submit