Problem 5-31 Sunland Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional musicians, vanessa Aaron, the company's sales manager, prepared the following sales forecast for 2018. The forecasted sales prices include a 5% increase n the acousbc guitar pnce and a 10% inarease n the electric gutar price, to cover ant apated increases in raw matenals pnces. Electr Dtar Sals Electric guitar sales Sales Price Quarter nd Quarter Quarter 4th Quarter 270 300 Acoustic guitar sales 210 315 2,450 330 350 Each acoustic guitar requires a maple neck blank, which Sunland purchases for 40 On December 31, 2017, Sunland had 400 ned blanks n n entory. Spolage dunng the production process results in a standard quantity 0 1.5 necks per acoustic ar Because of recent delivery problems sunland wants to maintan an endrg nver ory equal to 50% of the followin0 quarter's product n needs. S nce the supplier has assured Sunland that the delivery 1ssues will be resolved by the end of December, Suland wants only 390 neck blanks irn inventary on December 31, 2019. Prepare the purchases budget for neck blanks for 2019. (Enter "per guitar" value to 1 decirial place, e.g. 3.1. Round all other answers to 0 decimal places, e.g. 153.) place, e.a. 3.1.helivrissues wil seandard quantity of 1.5s Quarterd Quarter ard Quarter 4th Quarter tandard price per neck Dudgeted production Production needs Budgeted endng inventory Total DM required (necks) Budgeted purchases (necks) Standard price per neck Dudgeted purchases cost