Production Budget Assume that Stillveter Designs produces two-utomotive subwoofers; S12L7 and S12L5. The S12L7 sells for $475, 8nd the S12L5 sells for 300, Projected sales (number of speakers) for the coming five quarters are as folloWG S12L7 1,160 3,190 8,120 6,670 1.305 S12L5 1,885 2,030 7,685 5,655 1,740 irst quarter, 20Y1 Second quarter, 20Y1 Third quarter, 2OY1 Fourth quarter, 20Y1 irst quarter, 20Y2 The vice president of sales believes that the projectedeles 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 $12L7 for the first quarter of 20Y1 wes 340 boxes. The company's policy is to have 20% of the next quarter's sales of S12L7 in ending inventory. Beginning inventory of S12L5 ves 170 boxes. The company's policy is to have 30% of the next quarter's sales of S12L5 in ending inventory. Requiredi Prepare a production budget for each quarter for 20Y1 and for the year in total. stillwater Designs Production Budgot for S1217 For the Year Ended December 31, 20Y1 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Saks Desired ending inventory Total needs Check My Work Previous Next Save and Ext Submit Assignment for Grading R EN