PLEASE ANSWER FOR EVERY SINGLE BOX

The management team at Sheffield Corporation is capitalizing on the trend for live$-$edge cedar fireplace mantels$-$beautiful, simple,

organic. In fact, sales are so strong they are running out of inventory. This means that budgeting for next year will be extremely

important, to ensure sure that Sheffield can source enough cedar.

With budgeted sales as the starting point for the entire process, the management team agrees that the following levels present the

most likely scenario for the first five months of the upcoming year.

In addition to sales volume, many other specifics are required in order to complete the company's operating budgets. Key details

associated with prices, costs, and usage are as follows.

$,$ Budgeted selling price is $$500$ per mantel. Each mantel measures $3$ inches $12$ inches $4$ feet.

Target ending inventory of finished mantels is $20\%$ of next month's budgeted sales. However, beginning inventory on January

$1$ is expected to be only $38$ units.

$,$ Sheffield' primary DM$,$ rough$-$cut cedar, is purchased from the supplier already at the desired height and depth $(3$ inches high,

$12$ inches deep$).$ Sheffield cuts the cedar planks to the desired $4-$foot lengths. Each rough$-$cut board costs Sheffield $$50$ per

foot.

$,$ Target ending DM inventory $($rough$-$cut cedar$)$ is $50\%$ of next month's production needs.

$,$ DL to sand, stain, and treat the rough$-$cut cedar costs $$20$ per hour. Each mantel requires one hour of labor time.

Depreciation of $$1,800$ is included in that monthly fixed cost.