Vaughn Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional musicians. Vanessa Aaron, the companys sales manager, prepared the following sales forecast for 2018. The forecasted sales prices include a 5% increase in the acoustic guitar price and a 10% increase in the electric guitar price, to cover anticipated increases in raw materials prices.

		Sales Price			1st Quarter			2nd Quarter			3rd Quarter			4th Quarter
Acoustic guitar sales		$1,290			200			260			300			310
Electric guitar sales		$2,380			390			340			300			370

Each acoustic guitar requires a maple neck blank, which Vaughn purchases for $45. On December 31, 2017, Vaughn had 390 neck blanks in inventory. Spoilage during the production process results in a standard quantity of 1.5 necks per acoustic guitar. Because of recent delivery problems, Vaughn wants to maintain an ending inventory equal to 50% of the following quarters production needs. Since the supplier has assured Vaughn that the delivery issues will be resolved by the end of December, Vaughn wants only 390 neck blanks in inventory on December 31, 2018. Prepare the purchases budget for neck blanks for 2018. (Enter "per guitar" value to 1 decimal place, e.g. 3.1. Round all other answers to 0 decimal places, e.g. 153.)

Purchases Budget
		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		Annual
Budgeted productionBudgeted ending inventoryStandard necks per guitarProduction needsBudgeted purchases (necks)Standard price per neckBeginning inventoryTotal DM required (necks)Budgeted purchases cost
Standard necks per guitarBudgeted purchases (necks)Beginning inventoryProduction needsStandard price per neckBudgeted ending inventoryBudgeted purchases costTotal DM required (necks)Budgeted production
Budgeted productionBeginning inventoryTotal DM required (necks)Standard price per neckBudgeted ending inventoryBudgeted purchases costBudgeted purchases (necks)Standard necks per guitarProduction needs
Budgeted purchases costStandard price per neckTotal DM required (necks)Beginning inventoryProduction needsBudgeted purchases (necks)Standard necks per guitarBudgeted productionBudgeted ending inventory
Standard necks per guitarBudgeted purchases (necks)Beginning inventoryProduction needsBudgeted purchases costBudgeted productionBudgeted ending inventoryStandard price per neckTotal DM required (necks)
Standard price per neckBudgeted ending inventoryTotal DM required (necks)Standard necks per guitarBudgeted purchases costBudgeted productionProduction needsBeginning inventoryBudgeted purchases (necks)
Total DM required (necks)Standard necks per guitarBudgeted purchases (necks)Budgeted productionBudgeted ending inventoryBudgeted purchases costBeginning inventoryProduction needsStandard price per neck
Budgeted ending inventoryBudgeted purchases (necks)Production needsStandard price per neckStandard necks per guitarTotal DM required (necks)Beginning inventoryBudgeted purchases costBudgeted production		$		$		$		$		$
Beginning inventoryTotal DM required (necks)Production needsBudgeted productionStandard price per neckBudgeted ending inventoryStandard necks per guitarBudgeted purchases (necks)Budgeted purchases cost		$