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Ringer Foods produces specialty soup sold in jars. The projected sales in dollars Ringer anticipates selling 221,000 jars with total sales revenue of $260,0 and jars for each quarter of the upcoming year are as follows: the first quarter of the year following the year given in the preceding table Ringer has a policy that the ending inventory of jars must be 30% of the quarter's sales. Total sales Number of jars sold revenue 1st quarter.. $ Requirement Prepare a production budget for the year that shows the number of jars produced each quarter and for the year in total. 182,000 153,500 2nd quarter 214,000 180,000 3rd quarter ..$ 252.000 4th quarter..$ 197,000 211.000 160,000 Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Ringer 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

Ringer Foods produces specialty soup sold in jars. The projected sales in dollars Ringer anticipates selling 221,000 jars with total sales revenue of $260,0 and jars for each quarter of the upcoming year are as follows: the first quarter of the year following the year given in the preceding table Ringer has a policy that the ending inventory of jars must be 30% of the quarter's sales. Total sales Number of jars sold revenue 1st quarter.. $ Requirement Prepare a production budget for the year that shows the number of jars produced each quarter and for the year in total. 182,000 153,500 2nd quarter 214,000 180,000 3rd quarter ..$ 252.000 4th quarter..$ 197,000 211.000 160,000 Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Ringer 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

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Ringer Foods produces specialty soup sold in jars. The projected sales in dollars Ringer anticipates selling 221,000 jars with total sales revenue of $260,000 in and jars for each quarter of the upcoming year are as follows: the first quarter of the year following the year given in the preceding table. Ringer has a policy that the ending inventory of jars must be 30% of the following quarter's sales. Total sales Number of jars sold revenue 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. 1st quarter .. $ 182,000 153,500 2nd quarter 214,000 180,000 3rd quarter 252,000 211,000 4th quarter ..$ 197,000 160,000 Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Ringer 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 Units to produce
Transcribed Image Text:Ringer Foods produces specialty soup sold in jars. The projected sales in dollars Ringer anticipates selling 221,000 jars with total sales revenue of $260,000 in and jars for each quarter of the upcoming year are as follows: the first quarter of the year following the year given in the preceding table. Ringer has a policy that the ending inventory of jars must be 30% of the following quarter's sales. Total sales Number of jars sold revenue 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. 1st quarter .. $ 182,000 153,500 2nd quarter 214,000 180,000 3rd quarter 252,000 211,000 4th quarter ..$ 197,000 160,000 Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Ringer 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 Units to produce
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