E9-20A and E9-21A also E9-23A and E9-24A

In addition to the morning preschool, Spring Garden Preschool offers a Lunch Bunch m where kids have the option of staying an extra hou ra r for lunch and playtime. The hool charges an additional S2 per child for every Lunch Bunch attended. Historically. half of the children stay for Lunch Bunch an average of 15 times a month. Requirement Calculate Spring Garden Preschool's budgeted revenue for the school year. 20A Production budget (Learning Objective 2) Hoffman Foods produces specialty soup sold in jars. The projected sales in dollars and jars s for each quarter of the upcoming year are as follows: 1st quarter 2nd quarter rd quarter 4th quarter Total sales revenue $181,000 $219,000 $255,000 $199,000 Number of jars sold 152,500 181,500 213,000 160,500 Hoffman anticipates selling 223,000 jars with total sales revenue of $260,000 in the first quarter of the year following the year given in the preceding table. Hoffman 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. E9-21A Direct materials budget (Learning Objective 2) Sacco Industries manufactures a popular interactive stuffed animal for children that re- quires three computer chips inside each toy. The company pays $2 for each computer chip. To help to guard against stockouts of the computer chip, Sacco Industries has a policy stating that the ending inventory of computer chips should be at least 25% of the following month's production needs. The production schedule for the first four months of the year is as follows: January February March April Stuffed animals to be produced 5,600 4,800 4,200 4,000 Requirement repare a direct materials budget for the first quarter that shows both th computer chips needed and the dollar amount of the purchases in t he budget Production and direct materials budgets (Learning Objective Osborne Manufacturing produces self-watering planters for use in upscale oming year ments. Sales projections for the first five months of the upc nated unit sales of the planters each month to be as follo