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Sales and Production Budgets Archer Company produces two products: the custom and the basic. The custom sells for $30, and the basic sells for \$8. Projected sales of the two models for the coming tour quarters are given below. The president of the company believes that the projected sales are realistic and can be achieved by the company. In the factory, the production supervisor has recelved the projected sales figures and gothered information needed to compile production budgets. He found that 800 customs and 1,140 basics were in inventary on Januan 1 Company policy dictates that ending inventory should equar 20 percent of the next quarter's sales for customs and 10 percent of next cuarter's sales for basics. 2. Prepare a separate production budget for each product Production budget for customs: Archer Company Production Budget for Customs First Three Quarters of the Year Quarter 1 Quarter 2 Quarter 3 Unit sales Desired ending inventory Less: Beginning inventory Units produced Unit sales 2. Prepare a separate production budget for each product for each of the first three quarters of the year. Production budget for customs: Production budget for basics: 2. Prepare a separate production budget for each product for each of the first three quarters of the year. Production budget for customs: Production budaet for basics

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