Production Budget Assume that still water Designs produces two automotive subwoofers: 51207 and S12L5. The S12L7 sells for $475, and the S12L5 seils for $300. Projected sales (number of speakers) for the coming five quarters are as follows: S12L7 S12LS First quarter, 2011 1,120 1,820 Second quarter, 2011 3,050 1.960 Third quarter, 2011 7,840 7.420 Fourth quarter, 2012 6,440 5.460 First quarter, 2012 1,260 1.680 The vice president of sales believes that the projected sales are realistic and can be achieved by the company Stillwater Design 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 2071 was 340 boxes. The company's policy is to have 20% of the next quarters sales of S12L7 in ending inventory. Begioning inventory of S12L5 was 170 boxes. The company's policy is to have 30% of the next quarter's sales of S12L5 in ending inventory Required: Prepare a production budget for each quarter for 20Y: and for the year in total Stillwater Designs Production Budget for S12L7 For the Year Ended December 31, 2011