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	1,160		1,885
Second quarter, 20Y1	3,190		2,030
Third quarter, 20Y1	8,120		7,685
Fourth quarter, 20Y1	6,670		5,655
First quarter, 20Y2	1,305		1,740

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 20Y1 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 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 20Y1 and for the year in total.

Stillwater Designs
Production Budget for S12L7
For the Year Ended December 31, 20Y1
	1st Qtr.	2nd Qtr.	3rd Qtr.	4th Qtr.	Year
Sales	fill in the blank d5ec36f35ff500f_1	fill in the blank d5ec36f35ff500f_2	fill in the blank d5ec36f35ff500f_3	fill in the blank d5ec36f35ff500f_4	fill in the blank d5ec36f35ff500f_5
Desired ending inventory	fill in the blank d5ec36f35ff500f_6	fill in the blank d5ec36f35ff500f_7	fill in the blank d5ec36f35ff500f_8	fill in the blank d5ec36f35ff500f_9	fill in the blank d5ec36f35ff500f_10
Total needs	fill in the blank d5ec36f35ff500f_11	fill in the blank d5ec36f35ff500f_12	fill in the blank d5ec36f35ff500f_13	fill in the blank d5ec36f35ff500f_14	fill in the blank d5ec36f35ff500f_15
Less: Beginning inventory	fill in the blank d5ec36f35ff500f_16	fill in the blank d5ec36f35ff500f_17	fill in the blank d5ec36f35ff500f_18	fill in the blank d5ec36f35ff500f_19	fill in the blank d5ec36f35ff500f_20
Units produced	fill in the blank d5ec36f35ff500f_21	fill in the blank d5ec36f35ff500f_22	fill in the blank d5ec36f35ff500f_23	fill in the blank d5ec36f35ff500f_24	fill in the blank d5ec36f35ff500f_25

Prepare a production budget for each quarter for 20Y1 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
	1st Qtr.	2nd Qtr.	3rd Qtr.	4th Qtr.	Year
Sales	fill in the blank 7f38ef028069fac_1	fill in the blank 7f38ef028069fac_2	fill in the blank 7f38ef028069fac_3	fill in the blank 7f38ef028069fac_4	fill in the blank 7f38ef028069fac_5
Desired ending inventory	fill in the blank 7f38ef028069fac_6	fill in the blank 7f38ef028069fac_7	fill in the blank 7f38ef028069fac_8	fill in the blank 7f38ef028069fac_9	fill in the blank 7f38ef028069fac_10
Total needs	fill in the blank 7f38ef028069fac_11	fill in the blank 7f38ef028069fac_12	fill in the blank 7f38ef028069fac_13	fill in the blank 7f38ef028069fac_14	fill in the blank 7f38ef028069fac_15
Less: Beginning inventory	fill in the blank 7f38ef028069fac_16	fill in the blank 7f38ef028069fac_17	fill in the blank 7f38ef028069fac_18	fill in the blank 7f38ef028069fac_19	fill in the blank 7f38ef028069fac_20
Units produced	fill in the blank 7f38ef028069fac_21	fill in the blank 7f38ef028069fac_22	fill in the blank 7f38ef028069fac_23	fill in the blank 7f38ef028069fac_24	fill in the blank 7f38ef028069fac_25