Question
KylerKyler Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as? follows:
KylerKyler
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. . . . | $185,000 | 154,500 | |
| 2nd quarter. . . | $213,000 | 180,000 | |
| 3rd quarter. . . . | $257,000 | 210,500 | |
| 4th quarter. . . . |
| $199,000 | 161,000 |
KylerKyler
anticipates selling
226 comma 000226,000
jars with total sales revenue of
$ 265 comma 000$265,000
in the first quarter of the year following the year given in the preceding table.
KylerKyler
has a policy that the ending inventory of jars must be
3030?%
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.
Prepare the production budget by first calculating the total units? needed, then calculate the units to produce.
| Kyler Foods | |||||
| Production Budget | |||||
| For the Quarters in the Upcoming Year | |||||
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| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | Year |
| Unit sales |
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| Plus: Desired ending inventory |
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| Total needed |
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Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
5th Edition
1259256081, 978-1259256080
