Production Budget Assume that Stillwater Designs produces two automotive subwoofers: 512L7 and 51215. The $1217 sells for $475, and the S12L5 sells for $300. Projected sales (number of speakers) for the coming five quarters are as follows: $1217 $1215 First quarter, 2011 1,120 1,820 Second quarter, 2011 3,080 1,960 Third quarter, 2011 7,840 7,420 Fourth quarter, 201 6,440) First quarter, 2012 1,260 5,460 1,680 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 $1217 for the first quarter of 2011 was 340 boxes. The company's policy is to have 20% of the next quarter's sales of $12L7 in ending inventory. Beginning inventory of 51215 was 170 boxes. The company's policy is to have 30% of the next quarter's sales of 51215 in ending inventory Required: Prepare a production budget for each quarter for 2011 and for the year in total Stillwater Designs Production Budget for 51217 For the Year Ended December 31, 20Y1 1st Otr. 2nd Otr. 3rd Otr. 4th Otr. Year Previous Stillwater Designs Production Budget for $1217 For the Year Ended December 31, 20Y1 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Sales Desired ending inventory Total needs Less: Beginning inventory Units produced Prepare a production budget for each quarter for 20Y1 and for the year in total. If required, round your answers to nearest whole value. Sales Stillwater Designs Production Budget for $1215 For the Year Ended December 31, 20Y1 Desired ending inventory Total needs Less: Beginning inventory Units produced 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year