Production Budget Assume that Stillwater Designs produces two automotive subwoofers: 51217 and $1215. The S12L7 sells for $475, and the S12L5 sells for $300. Projected sales (number of speakers) for the coming five quarters are as follows: $1217 51215 First quarter, 2011 1,000 1,625 Second quarter, 2011 2,750 1,750 Third quarter, 2011 7,000 6,625 Fourth quarter, 2011 First quarter, 2012 5,750 1,125 4,875 1,500 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 512L7 in ending inventory. Beginning inventory of $12L5 was 170 boxes. The company's policy is to have 30% of the next quarter's sales of $12L5 in ending inventory. Required: Prepare a production budget for each quarter for 2011 and for the year in total. Sales Stillwater Designs Production Budget for $12L7 For the Year Ended December 31, 201 Desired ending inventory Total needs Less: Beginning inventory Units produced 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year 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 $12L5 For the Year Ended December 31, 2011 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Sales Desired ending inventory Total needs Less: Beginning inventory Units produced