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

Smith anticipates selling $225,000$ jars with total sales revenue of $$267,000$ in the first quarter of

the year following the year given in the preceding table. Smith has a policy that the ending

inventory of jars must be $30\%$ of the following quarter's sales. Question content area top

Part $1$

Smith 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.

Question content area bottom. The projected sales in dollars and jars for each quarter of the upcoming year are as$$ follows:

Total sales revenue

Number of jars sold

$1$st quarter. $...$

$$188,000$

$152,500$

$2$nd quarter. $..$

$$215,000$

$184,500$

$3$rd quarter. $..$

$$257,000$

$214,500$

$4$th quarter. $..$

$$199,000$

$160,000$

Smith anticipates selling $225000$ jars with total sales revenue of $ $267000$ in the first quarter of the year following the year given in the preceding table. Smith has a policy that the ending inventory of jars must be $30\%$ of the following$$ quarter's sales.

Part $1$

Prepare the production budget by first calculating the total units$$ needed, then calculate the units to produce.

Smith Foods

Production Budget

For the Quarters in the Upcoming Year:

Smith Foods

Production Budget

For the Quarters in the Upcoming Year

Quarter $1$

Quarter $2$

Quarter $3$

Quarter $4$

Year

Unit sales

Plus: Desired ending inventory

Total needed