SmithSmith Foods produces specialty soup sold in jars. The projected sales in do
ID: 337975 • Letter: S
Question
SmithSmith
Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as? follows:
Total sales revenue
Number of jars sold
1st quarter. . . .
$181,000
153,000
2nd quarter. . . .
$213,000
180,000
3rd quarter. . . .
$257,000
212,500
4th quarter. . . .
$194,000
163,500
SmithSmith
anticipates selling
226 comma 000226,000
jars with total sales revenue of
$ 266 comma 000$266,000
in the first quarter of the year following the year given in the preceding table.
SmithSmith
has a policy that the ending inventory of jars must be
3030?%
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.
Smith Foods
Production Budget
For the Quarters in the Upcoming Year
Quarter 1
Quarter 2
Quarter 3
Quarter 4
Year
Unit sales
153,000
180,000
212,500
163,500
709,000
Plus: Desired ending inventory
54,000
63,750
49,050
67,800
67,800
Total needed
207,000
243,750
261,550
231,300
776,800
Less: Beginning inventory
45,900
54,000
63,750
69390
233040
Units to produce
161,100
189,750
197,800
Enter any number in the edit fields and then click Check Answer.
All parts showing
Clear All
Final Check
Total sales revenue
Number of jars sold
1st quarter. . . .
$181,000
153,000
2nd quarter. . . .
$213,000
180,000
3rd quarter. . . .
$257,000
212,500
4th quarter. . . .
$194,000
163,500
Explanation / Answer
SmithSmith
Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as? follows:
Total sales revenue
Number of jars sold
1st quarter. . . .
$181,000
153,000
2nd quarter. . . .
$213,000
180,000
3rd quarter. . . .
$257,000
212,500
4th quarter. . . .
$194,000
163,500
SmithSmith
anticipates selling
226 comma 000226,000
jars with total sales revenue of
$ 266 comma 000$266,000
in the first quarter of the year following the year given in the preceding table.
SmithSmith
has a policy that the ending inventory of jars must be
3030?%
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.
Smith Foods
Production Budget
For the Quarters in the Upcoming Year
Quarter 1
Quarter 2
Quarter 3
Quarter 4
Year
Unit sales
153,000
180,000
212,500
163,500
709,000
Plus: Desired ending inventory
54,000
63,750
49,050
67,800
67,800
Total needed
207,000
243,750
261,550
231,300
776,800
Less: Beginning inventory
45,900
54,000
63,750
69390
233040
Units to produce
161,100
189,750
197,800
Enter any number in the edit fields and then click Check Answer.
All parts showing
Clear All
Final Check
Total sales revenue
Number of jars sold
1st quarter. . . .
$181,000
153,000
2nd quarter. . . .
$213,000
180,000
3rd quarter. . . .
$257,000
212,500
4th quarter. . . .
$194,000
163,500
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.