Prepare a production budget for the year that shows the number of jars to be produced each quarter

and for the year in total

Vies Review Morningstar Help Formules Data Insert Draw Home Page Layout he General Calibri 12 -AA SE- D.A.33 X Cut Copy Format Painter 2 Wrap Text Merge & Center $ - % este BTU Number Alignment Font Clipboard G H E D A B C The Master Budget Production Budget Hoffman 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 7 1st quarter $181,000 152,500 2nd quarter $219,000 181,500 9 3rd quarter $255,000 213,000 10 4th quarter $199,000 160,500 11 Hoffman anticipates selling the following in the first quarter of the year following the year given in the 12 preceding table: 13 Sales in units (jars) 223,000 14 Sales revenue $260,000 15 16 Hoffman has a policy that the ending inventory of Jars must be: 17 30% of the following quarter's sales 18 19 Use the blue shaded areas on the ENTERANSWERS tab for inputs. 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 geferences from prior calculations, if 20 applicable 21 22. Requirement 1. Prepare a production budget for the year that shows the number of jas to be produced each quarter 23 and for the year in total Enter all amounts as positive values. Do NOT use parentheses or a minus sign for amounts to be subtracted 25 26 Saving & Submitting Solution 24 1 View Review Help Formulas Data Home File Insert Draw Page Layout ab Wrap Text 12 Calibri AA * Cut E Copy Format Painter M.A.EE Merge & Center Paste BIU Alignment Font Clipboard fx X A (Always use cell references and formulas where appropriate 4 D E F B A (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 calculations, if applicable.) 2 3 Hoffman Foods Production Budget For the upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year 7 Unit sales 8 Plus: Desired ending inventory 9 Total needed 10 Less: Beginning inventory 11 Number of units to produce 12 6 13