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quidity soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: 1st quarter....
quidity soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: 1st quarter.... Total sales Number of jars revenue sold 100,000 150,500 2nd quarter... 219,000 184,000 3rd quarter 4th quarter $ 255,000 212.500 S 193.000 160,000 Austen anticipates seling 225,000 jars with total les revenue of $268,000 in the first quarter of the year following the year given in the preceding table. Austen has a policy that the ending inventory of jars must be 30% 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 Austen Foods Production Budget For the Quarters in the Upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Unit sales 150,500 184,000 212.500 160.000 707,000 Plus Desired ending inventory 55.200 63,750 4000 67.800 67,900 Total needed 205,700 247,750 260.500 227,00 774800 Less: Beginning inventory Units so produce
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