Question: Epicuria Foods produces specialty soup sold in jars The projected
Epicuria Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows:
Epicuria anticipates selling 223,000 jars with total sales revenue of $265,000 in the first quarter of the year following the year given in the preceding table. Epicuria has a policy that the ending inventory of jars must be 30% of the following quarter’s sales. Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total.
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