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	920		1,495
Second quarter, 20Y1	2,530		1,610
Third quarter, 20Y1	6,440		6,095
Fourth quarter, 20Y1	5,290		4,485
First quarter, 20Y2	1,035		1,380

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 a970e30ed040058_1	fill in the blank a970e30ed040058_2	fill in the blank a970e30ed040058_3	fill in the blank a970e30ed040058_4	fill in the blank a970e30ed040058_5
Desired ending inventory	fill in the blank a970e30ed040058_6	fill in the blank a970e30ed040058_7	fill in the blank a970e30ed040058_8	fill in the blank a970e30ed040058_9	fill in the blank a970e30ed040058_10
Total needs	fill in the blank a970e30ed040058_11	fill in the blank a970e30ed040058_12	fill in the blank a970e30ed040058_13	fill in the blank a970e30ed040058_14	fill in the blank a970e30ed040058_15
Less: Beginning inventory	fill in the blank a970e30ed040058_16	fill in the blank a970e30ed040058_17	fill in the blank a970e30ed040058_18	fill in the blank a970e30ed040058_19	fill in the blank a970e30ed040058_20
Units produced	fill in the blank a970e30ed040058_21	fill in the blank a970e30ed040058_22	fill in the blank a970e30ed040058_23	fill in the blank a970e30ed040058_24	fill in the blank a970e30ed040058_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 e9390ff35fcc049_1	fill in the blank e9390ff35fcc049_2	fill in the blank e9390ff35fcc049_3	fill in the blank e9390ff35fcc049_4	fill in the blank e9390ff35fcc049_5
Desired ending inventory	fill in the blank e9390ff35fcc049_6	fill in the blank e9390ff35fcc049_7	fill in the blank e9390ff35fcc049_8	fill in the blank e9390ff35fcc049_9	fill in the blank e9390ff35fcc049_10
Total needs	fill in the blank e9390ff35fcc049_11	fill in the blank e9390ff35fcc049_12	fill in the blank e9390ff35fcc049_13	fill in the blank e9390ff35fcc049_14	fill in the blank e9390ff35fcc049_15
Less: Beginning inventory	fill in the blank e9390ff35fcc049_16	fill in the blank e9390ff35fcc049_17	fill in the blank e9390ff35fcc049_18	fill in the blank e9390ff35fcc049_19	fill in the blank e9390ff35fcc049_20
Units produced	fill in the blank e9390ff35fcc049_21	fill in the blank e9390ff35fcc049_22	fill in the blank e9390ff35fcc049_23	fill in the blank e9390ff35fcc049_24	fill in the blank e9390ff35fcc049_25