Zippo's Beta subdivision produces ottomans. The company expects to sell 15,000 ottomans next year at an average sales price of $600 each. Each ottoman requires 8 square feet of leather, 2 cubic feet of padding, and 20 feet of lumber. Assume the following inventory at the beginning of the year and cost information: Ottomans Leather Padding Lumber Beginning inventory - 2,500 1,500 400 2,000 units $200 Unit cost $2/sq $17 $0.50 / ft cubic ft ft each Target ending 1,000 2,000 500 1,600 inventory level 1. What the number of ottomans budgeted for production? 2. How much padding (cubic feet and $) is required to be purchased during the coming year? 3. What is the impact on budgeted ottoman sales (in units and $) and production (in units) if the sales price decreased by $100 and sales are expected to increase by 20% as a result