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Vaughn Furniture builds high-end hand-made dining tables. Attacus Simmons, the company's owner, has developed the following sales forecast for 2022 1st Quarter 2nd Quarter 3rd

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Vaughn Furniture builds high-end hand-made dining tables. Attacus Simmons, the company's owner, has developed the following sales forecast for 2022 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Forecasted sales (tables) 2700 3,100 2,800 1,800 Because of the time needed to create each table. Vaughn maintains an ending Finished Goods Inventory of 20% of the following quarter's budgeted sales. Vaughn 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 20 board feet $4/board foot $80 4 squares $8/square 32 American cherry wood American cherry turning square legs) Direct labor Variable overhead Fixed overhead 8 DLH $15/DLH 120 8 DLH $45/DLH 360 8 DLH $12/DLH 96 $688 Assume that because of the skill level required to make the tables, Vaughn cannot easily hire additional workers to handle peaks in demand. Consequently, the company maintains a steady workforce of 40 employees and guarantees each worker 500 hours per quarter. For any additional time required to complete the scheduled production, these same workers eam 15 times their normal hourly rate. Prepare Vaughn's direct labor budget for 2022. (Round overtime rate to 2 decimal piace, eg. 52.75 and all other answers to decimal places, eg. 5,275) Direct Labor Budget 2nd Quarter 3rd Quarter 1st Quarter DLH needed Regular hours cost Overtime hours Overtime rate $ $ $ $ $ $ $ $ Budgeted DL cost $ $ $ $ Assume that because of the skill level required to make the tables, Vaughn cannot easily hire additional workers to handle peaks in demand. Consequently , the company maintains a steady workforce of 40 employees and guarantees each worker 500 hours per quarter. For any additional time required to complete the scheduled production, these same workers earn 1.5 times their normal hourly rate. Prepare Vaughn's direct labor budget for 2022. (Round overtime rate to 2 decimal place.eg 52.75 and all other answers to O decimal places, eg. 5,275.) Direct Labor Budget 2nd Quarter 3rd Quarter 4th Quarter Annual $ $ $ $ $ $ $ $ $ $ $ $

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