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3) Production Budget (25 pts) Campbell Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the

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3) Production Budget (25 pts) Campbell Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Total sales revenue Number of jars sold 1st quarter $181,000 $152,500 $219,000 $181,500 $255,000 $213,000 4th quarter $199,000 $160,500 2nd quarter 3rd quarter Campbell anticipates selling 223,000 jars with total sales revenue of $260,000 in the first quarter of the year following the year given in the preceding table. Campbell has a policy that the ending inventory of jars must be 30% of the following quarter's sales. Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total

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