Homework Answers
Solution
| Johnson Foods | |||||
| Production budget | |||||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | Year | |
| Units to be sold | 154500 | 180500 | 211000 | 163500 | 709500 |
| Desired Ending Finished Inventory | 36100 | 42200 | 32700 | 44600* | 44600 |
| Total Units needed | 190600 | 222700 | 243700 | 208100 | 754100 |
| Less : Beginning Finished Inventory | 30900 | 36100 | 42200 | 32700 | 30900 |
| Units to be Produced | 159700 | 186600 | 201500 | 175400 | 723200 |
*223000 x 20%
Beginning inventory of Quarter 1 is equal to 20% of Quarter 1 Sales units.
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Johnson Foods produces specialty soup sold in jars. The projected sales in dollars and jars for...
Cleary Foods produces specialty soup sold in jars. The projected sales in dollars and jars for...
Cleary 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 $180,000 $218,000 $255,000 $198,000 Number of jars sold 1st quarter 2nd quarter 3rd quarter 4th quarter 151.500 180,500 212,500 161,000 Prepare the production budget by first calculating the total units needed, then calculate the units to produce Cleary Foods Production Budget For the Quarters in the Upcoming Year Quarter 1 Quarter 2...
Hoffman Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the...
Hoffman 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 ... $185,000 151,500 2nd quarter ... $219,000 181,500 3rd quarter ... $259,000 211,500 4th quarter . $196,000 161,500 Hoffman anticipates selling 220,000 jars with total sales revenue of $268,000 in the first quarter of the year following the year given in the preceding table. Hoffman has...
O E9-20A (similar to) Question Help Anderson Foods produces specialty soup sold in jars. The projected...
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Help please with beginning inventory Hoffman Foods produces specialty soup sold in jars. The projected sales...
Help please with beginning inventory
Hoffman Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: 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. Total sales revenue Number of jars...
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Johnson Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first...
Johnson Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 640 planters. The desired inventory of planters at the end of each month should be equal to 20% of the following month's budgeted sales. Each planter requires four pounds...
please help me with this and explain the exact formulas needed Home Insert View Sha LOCA...
please help me with this and explain the exact formulas
needed
Home Insert View Sha LOCA Draw Page Layout Formulas Data Review % Conditional Formatting Format as Table Font Alignment Number Cell Styles fx. C Cells Editing Ideas A3 x A B 1 The Master Budget 2 Production Budget Hoffman Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the 4 upcoming year are as follows: 1st quarter 2nd quarter 3rd...
Johnson Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for t...
Johnson Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 640 planters. The desired Inventory of planters at the end of each month should be equal to 20% of the following month's budgeted sales. Each planter requires four pounds...
Stenback Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first...
Stenback Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 800 planters. The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires two pounds...
Anderson Manufacturing produces self-watering planters for use in upscale retail establishment Sales projections for the first...
Anderson Manufacturing produces self-watering planters for use in upscale retail establishment Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information) Inventory at the start of the year was 750 planters. The desired inventory of planter the end of each month should be equal to 25% of the following month's budgeted sales. Each planer requires two pounds of...
Cleary 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 $180,000 $218,000 $255,000 $198,000 Number of jars sold 1st quarter 2nd quarter 3rd quarter 4th quarter 151.500 180,500 212,500 161,000 Prepare the production budget by first calculating the total units needed, then calculate the units to produce Cleary Foods Production Budget For the Quarters in the Upcoming Year Quarter 1 Quarter 2...
Hoffman 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 ... $185,000 151,500 2nd quarter ... $219,000 181,500 3rd quarter ... $259,000 211,500 4th quarter . $196,000 161,500 Hoffman anticipates selling 220,000 jars with total sales revenue of $268,000 in the first quarter of the year following the year given in the preceding table. Hoffman has...
O E9-20A (similar to) Question Help Anderson Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Anderson anticipates selling 221,000 jars with total sales revenue of $264,000 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 30% of the following quarter's sales. Total sales revenue Number of...
Help please with beginning inventory
Hoffman Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: 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. Total sales revenue Number of jars...
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Johnson Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 640 planters. The desired inventory of planters at the end of each month should be equal to 20% of the following month's budgeted sales. Each planter requires four pounds...
please help me with this and explain the exact formulas
needed
Home Insert View Sha LOCA Draw Page Layout Formulas Data Review % Conditional Formatting Format as Table Font Alignment Number Cell Styles fx. C Cells Editing Ideas A3 x A B 1 The Master Budget 2 Production Budget Hoffman Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the 4 upcoming year are as follows: 1st quarter 2nd quarter 3rd...
Johnson Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 640 planters. The desired Inventory of planters at the end of each month should be equal to 20% of the following month's budgeted sales. Each planter requires four pounds...
Stenback Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 800 planters. The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires two pounds...
Anderson Manufacturing produces self-watering planters for use in upscale retail establishment Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information) Inventory at the start of the year was 750 planters. The desired inventory of planter the end of each month should be equal to 25% of the following month's budgeted sales. Each planer requires two pounds of...
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