Anderson Foods produces spécialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Total sales Number of jars sold revenue 1st quarter....S 182,000 150,000 2nd quarter... S 210,000 182,500 3rd quarter... $ 257,000 213,000 4th quarter...S 197,000 162.000 Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Anderson 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 Less: Beginning inventory Unite to produce im in! Anderson anticipates selling 223,000 jars with total sales revenue of $267,000 in the first quarter of the year following the year given in the preceding table. Anderson has a policy that the ending inventory of jars must be 25% 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

Anderson Foods produces spécialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Total sales Number of jars sold revenue 1st quarter....S 182,000 150,000 2nd quarter... S 210,000 182,500 3rd quarter... $ 257,000 213,000 4th quarter...S 197,000 162.000 Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Anderson 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 Less: Beginning inventory Unite to produce im in! Anderson anticipates selling 223,000 jars with total sales revenue of $267,000 in the first quarter of the year following the year given in the preceding table. Anderson has a policy that the ending inventory of jars must be 25% 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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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PLEASE ANSWER WITH A STEP BY STEP SOLUTION
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