Swifty Furniture builds high-end hand-made dining tables. Attacus Simmons, the companys owner, has developed the following sales forecast for 2022.

		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Forecasted sales (tables)		2,700		3,200		2,800		1,700

Because of the time needed to create each table, Swifty maintains an ending Finished Goods Inventory of 20% of the following quarters budgeted sales. Swifty has been following this inventory policy for several years. The company ended 2021 with 400 tables on hand. The standard cost card for a table is as follows:

		Standard Quantity		Standard Price			Total Standard Cost
American cherry wood		20 board feet		$4/board foot				$80
American cherry turning square (legs)		4 squares		$8/square				32
Direct labor		8 DLH		$15/DLH				120
Variable overhead		8 DLH		$45/DLH				360
Fixed overhead		8 DLH		$12/DLH				96
								$688

Prepare Swiftys production budget for 2022. Assume that the desired ending inventory for 2022 is 500 tables.

Swifty maintains inventory of American cherry wood equal to 10% of the following quarters production needs. On December 31, 2021, Swiftys physical inventory count showed 4,800 board feet of American cherry. Due to an anticipated price increase in 2023, managers want to have 5,000 board feet of American cherry wood in inventory on December 31, 2022. Prepare Swiftys 2022 direct materials purchases budget for American cherry wood.

Prepare Swiftys direct labor budget for 2022.