Production Budget Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. 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, 20Y1 960 1,560 Second quarter, 20Y1 2,640 1,680 Third quarter, 20Y1 6,720 6,360 Fourth quarter, 20Y1 5,520 4,680 First quarter, 2012 1,080 1,440 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 butsourced to manufacturers located in Asia). Beginning inventory of S12L7 for the first quarter of 2011 was 540 boxes. The company's policy is to have 20% of the next quarter's sales of S12L7 in ending inventory. Beginning inventory of S12L5 was 170 boxes. The company's policy is to have 30% of the next quarter's sales of $12L5 in ending inventory. Required: For the Year Ended December 31, 20Y1 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Sales 960 2,640 6,720 5,520 1,080 X Desired ending inventory 300 X 475 X 475 X 475 x 475 X 1,254,000 X 3,192,000 X Total needs 456,000 x 2,622,000 X 513,000 X Less: Beginning inventory Units produced Feedback Check My Work Partially correct Prepare a production budget for each quarter for 2011 and for the year in total. If required, round your answers to nearest whole value. Stillwater Designs Production Budget for S12L5 For the Year Ended December 31, 20Y1 I 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Sales 1,440 x Desired ending inventory 475 X 300 x 300 X 300 X 300 X Total needs 1,560 1,680 6,360 4,680 Less: Beginning inventory Units produced