Vaughn Furniture builds high-end hand-made dining tables. Attacus Simmons, the companys owner, has developed the following sales forecast for 2018.

		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Forecasted sales (tables)		2,519		2,764		2,931		1,798

Because of the time needed to create each table, Vaughn maintains an ending Finished Goods Inventory of 20% of the following quarters budgeted sales. Vaughn has been following this inventory policy for several years. The company ended 2017 with 504 tables on hand. The standard cost card for a table is as follows:

		Standard Quantity		Standard Price			Total Standard Cost
American cherry wood		25 board feet		$5/board foot				$125
American cherry turning square (legs)		3 squares		$8/square				24
Direct labor		12 DLH		$14/DLH				168
Variable overhead		12 DLH		$57/DLH				684
Fixed overhead		12 DLH		$9/DLH				108
								$1,109

Prepare Vaughn's production budget for 2018, Assume that the desired ending inventory for 2018 is 580 tables. (Round answers to 0 decimal places, e.g. 5,275.) Production Budget 1st Quarter 2nd quarter 3rd Quarter 4th Quarter Annual Budgeted production Budgeted ending inventory # Total units required Beginning inventory Budgeted Production 2519 2764 2931 1798 10012 553 586 360 580 580 3072 335 3291 2378 10592 504 553 586 360 553 2568 279 2705 2018 10039 LINK TO TEXT LINK TO VIDEO