Production Budget Assume that still water Designs produces two automotive subwoofers: S12L7 and S12LS. The S12L7 sells for $475, and the S12L5 sells for $300. Projected sales (number of speakers) for the coming five quarters are as follows: S12L7 S12L5 First quarter, 2011 1,080 1,755 Second quarter, 2011 2,970 1,890 e Third quarter, 2011 7,560 7,155 Fourth quarter, 2011 O 6,210 5,265 First quarter, 2012 1,215 1,620 The vice president of sales believes that the projected sales are realistic and can be achieved by the company Stillwater Designs needs a production budget for each product representing the amount that must be outsourced to manufacturers located in Asia) Beginning inventory of S12L7 for the first quarter of 2011 was 340 boxes. The company's policy is to have 20% of the next quarter's sales of S12L7 in ending inventory Beginning inventory of S125 was 170 boves. The company's policy is to have 30% of the next quarter's sales of $1215 in ending inventory Required: Prepare a production budget for each quarter for 2011 and for the year in total Stillwater Designs NWU eBook Calculator ..EX.09.50.ALGO Prepare a production budget for each quarter for 2011 and for the year in total. 2. EX.09.51 ALGO Stillwater Designs Production Budget for S12L7 For the Year Ended December 31, 2011 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. 3. EX.09.54 ALGO Year Sales 4. EX.09.55.ALGO 5. EX.09.58.ALGO Desired ending inventory Total needs Les Beginning inventory 6. EX.09.60.ALGO Units produced 7. EX.09.61 ALGO 8. EX.09.62 Prepare a production budget for each quarter for 2011 and for the year in total. If required, round your answers to nearest whole value Still water Designs Production Budget for S12LS For the Year Ended December 31, 2011 Ist Otr. 2nd Qtr. 3rd Qtr. 4th Otr. Year Sales Desired ending invertory Totalreeds Beginning inventory Units produced Progress: 28 ms Check My Work