Excel File Edit View Insert Format Tools Data Window Help 100% Sun 1 AutoSave OFF ya Accounting Budget Assignment - Ringer foods Home Insert Draw Page Layout Formulas Data Review View Tell me Arial v 10 ' == ab Wrap Text General V Insert v ATT v 47.0 Paste BIU a. Av v 9X Delete Merge & Center $ % ) v -0 00 000 Conditional Format Cell Formatting as Table Styles Format Sort & Filter Find & Select v G36 + x X & fx B D E F G H 1 The Master Budget 2 Production Budget 3 4 Ringer Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: 5 6 Total sales revenue Number of jars sold 7 1st quarter $180,000 150,000 8 2nd quarter $216,000 180,000 9 3rd quarter $252,000 210,000 10 4th quarter $ 192,000 160,000 11 12 Ringer anticipates selling the following in the first quarter of the year following the year given in the preceding table: 13 Sales in units (jars) 220,000 14 Sales revenue $264,000 15 16 Ringer has a policy that the ending inventory of jars must be: 17 25% of the following quarter's sales 18 19 Use the blue shaded areas for inputs. 20 Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong. Use cell references from prior 21 22 23 Requirement Prepare a production budget for the year that shows the number of jars to be produted each quarter and for the year in total. 24 (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong. Use cell 5 points 25 26 27 10