Prepare Concords production budget for 2018. Assume that the desired ending inventory for 2018 is 596 tables. (Round answers to 0 decimal places)

Concord Furniture builds high-end hand-made dining tables. Attacus Simmons, the companys owner, has developed the following sales forecast for 2018.

		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Forecasted sales (tables)		2,549		2,752		2,958		2,084

Because of the time needed to create each table, Concord maintains an ending Finished Goods Inventory of 20% of the following quarters budgeted sales. Concord has been following this inventory policy for several years. The company ended 2017 with 510 tables on hand. The standard cost card for a table is as follows:

		Standard Quantity		Standard Price			Total Standard Cost
American cherry wood		25 board feet		$4/board foot				$100
American cherry turning square (legs)		4 squares		$9/square				36
Direct labor		12 DLH		$16/DLH				192
Variable overhead		12 DLH		$50/DLH				600
Fixed overhead		12 DLH		$8/DLH				96
								$1,024