' chrome File Edit View History Bookmarks Profiles Tab Window Help - ".3 Q 8 0 Sun Nov 12 2:45 PM . . ll Content x m Question 4 CH9 Homework X + v C E eztotmheducation.com/ext/map/index.html?_con=con&externa|_browser=0&launchUrl:https%253A%252F%252Fnewconnectmheducationc... 3 Q E] 1': I] 0- CH9 Homework 0 Saved Help Save& Exlt Submit I Problem 9-37 Completion of Budget Schedules (LO 9-3, 9-5, 9-6) Scholastic Furniture, Inc., manufactures a variety of desks, chairs, tables, and shelf units that are sold to public school systems 8 throughout the Midwest. The controller of the company's Desk Division is currently preparing a budget for the second quarter of the Points year. The following sales forecast has been made by the division's sales manager. skipped April 10,000 deskandchair sees Hay 12,000 deskand-chai: secs June 15,000 desk-and-chair sees Each desk-and-chair set requires 10 board feet of pine planks and 1.5 hours of direct labor. Each set sells for $50. Pine planks cost $0.50 per board foot, and the division ends each month with enough wood to cover 10 percent of the next month's production requirements. The division incurs a cost of $20 per hour for direct-labor wages and fringe benefits. The division ends each month with enough nished-goods inventory to cover 20 percent of the next month's sales Required: References Complete the following budget schedules. 1. Sales budget. 2. Production budget (in sets), 3. Raw-material purchases. 4. Directlabor budget. Complete this question by entering your answers in the tabs below. Requiredl i RequiredZ E RequiredS Required4 Production budget (in sets): 'Sales 'Add: Desired ending inventory 'Tolal requirements 'Less: Projected beginning inventory 'Planned production % leeideee