Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls I need help with this, I find some answers, others I don't know, carefully pls ClearyCleary Foods produces specialty soup sold in jars. The

pls I need help with this, I find some answers, others I don't know, carefully pls

ClearyCleary

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. . . .

$184,000

150,500

2nd quarter. . .

$213,000

183,000

3rd quarter. . . .

$251,000

212,500

4th quarter. . . .

$191,000

162,500

ClearyCleary

anticipates selling

222 comma 000222,000

jars with total sales revenue of

$ 262 comma 000$262,000

in the first quarter of the year following the year given in the preceding table.

ClearyCleary

has a policy that the ending inventory of jars must be

2525%

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.

Cleary Foods

Production Budget

For the Quarters in the Upcoming Year

Quarter 1

Quarter 2

Quarter 3

Quarter 4

Year

Unit sales

150,500

183,000

212,500

162,500

708500

Plus: Desired ending inventory

53250

55500

55500

Total needed

Less: Beginning inventory

Units to produce

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Process Safety Management Risk Management Planning Auditing Handbook A Checklist Approach

Authors: David Einolf, Luverna Menghini

1st Edition

086587686X, 978-0865876866

More Books

Students also viewed these Accounting questions