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)		2,600		3,100		2,900		1,800

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 425 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

(a)

Partially correct answer iconYour answer is partially correct.

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

Production Budget
	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Annual
select an opening production budget item Budgeted productionBudgeted unit salesTotal units requiredBudgeted ending inventoryBeginning inventory	enter a number of units	enter a number of units	enter a number of units	enter a number of units	enter a number of units
select a production budget item Budgeted productionBudgeted ending inventoryBeginning inventoryBudgeted unit salesTotal units required	enter a number of units	enter a number of units	enter a number of units	enter a number of units	enter a number of units
select a summarizing line for the first part Budgeted ending inventoryBudgeted unit salesTotal units requiredBudgeted ProductionBeginning inventory	enter a total number of units for the first part	enter a total number of units for the first part	enter a total number of units for the first part	enter a total number of units for the first part	enter a total number of units for the first part
select a production budget item Budgeted productionBeginning inventoryTotal units requiredBudgeted unit salesBudgeted ending inventory	enter a number of units	enter a number of units	enter a number of units	enter a number of units	enter a number of units
select a closing production budget item Budgeted unit salesBeginning inventoryBudgeted ending inventoryBudgeted ProductionTotal units required	enter a total number of units	enter a total number of units	enter a total number of units	enter a total number of units	enter a total number of units