Preston Foods produces specialty soup sold in jars. The projected sales in dollars and jars for...
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Preston Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Number of jars Total sales revenue sold 1st quarter.... $ 188,000 151,500 2nd quarter ... $ 3rd quarter ... $ 212,000 184,000 250,000 210,500 4th quarter 195,000 164,000 ... For the Quarters in the Upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Unit sales 151500 184000 210500 164000 710000 Plus: Desired ending inventory Total needed Preston anticipates selling 224,000 jars with total sales revenue of $263,000 in the first quarter of the year following the year given in the preceding table. Preston 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. Preston Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Number of jars Total sales revenue sold 1st quarter.... $ 188,000 151,500 2nd quarter ... $ 3rd quarter ... $ 212,000 184,000 250,000 210,500 4th quarter 195,000 164,000 ... For the Quarters in the Upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Unit sales 151500 184000 210500 164000 710000 Plus: Desired ending inventory Total needed Preston anticipates selling 224,000 jars with total sales revenue of $263,000 in the first quarter of the year following the year given in the preceding table. Preston 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.
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D F 1 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year 2 Unit sales 151500 184000 2... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
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