Hoffman Foods produces specialty soup sold in jars.

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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.

Hoffman Foods

Production Budget

For the Quarters in the Upcoming Year

Unit sales

Plus: Desired ending inventory

Total needed

Additional information

The projected sales in dbllars and jars for each quarter of the upcoming year are as follows:

$\backslash$table$[[,\backslash$table$[[$Total sales$],[$revenue$]],\backslash$table$[[$Number of jars$],[$sold$]]],[1$st quarter $...$ $$,181,000,152,500],[2$nd quarter $..$ $$,219,000,181,500],[3$rd quarter $...$ $$,255,000,213,000],[4$th quarter $...$ $$,199,000,160,500]]$

Hoffman 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. Hoffman has a policy that the ending inventory of jars must be $30\%$ of the following quarter's sales.