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Anderson Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows:
Anderson 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 Number of jars revenue sold Anderson anticipates selling 226,000 jars with total sales revenue of $269,000 in the first quarter of the year following the year given in the preceding table. Anderson has a policy that the ending inventory of jars must be 20% of the following quarter's sales. Requirement Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total. 153,000 1st quarter.... $ 2nd quarter ... $ 3rd quarter ... $ 4th quarter .. $ 185,000 218,000 258.000 180,000 210,500 199,000 162,500 ... Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Anderson Foods Production Budget For the Quarters in the Upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce
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