Sales and Production Budgets			Deluxe	Standard
Berring Company produces two products: the deluxe and the standard scooter. The deluxe scooter sells for $40, and the standard scooter sells for $10. Projected sales of the two models for the coming four quarters are given at the right.	First quarter	12,000	90,000
Second quarter	14,300	88,400
Third quarter	16,600	92,000
Fourth quarter	20,000	91,600
				Quarter 1 yr 2	22,000	100,000
The president of the company believes that the projected sales are realistic and can be achieved by the company. In the factory, the production supervisor has received the projected sales figures and gathered information needed to compile production budgets. He found that 1,300 deluxes and 1,170 standards were in inventory on January 1. Company policy dictates that ending inventory should equal 20 percent of the next quarter's sales for deluxes and 10 percent of next quarter's sales for standards.		4000
Required: Prepare a sales budget and a Production budget for each quarter and for the year in total. Show sales by product and in total for each time period.