Homework Answers
Production Budget
| Quarter 1 | quarter 2 | Quarter 3 | quarter 4 | Year | |
| Unit Sales | 151500 | 181500 | 211500 | 161500 | 706000 |
| Add: Desired ending inventory | 36300 | 42300 | 32300 | 44000 | 44000 |
| Total needed | 187800 | 223800 | 243800 | 205500 | 750000 |
| Less: Beginning inventory | -30300 | -36300 | -42300 | -32300 | -30300 |
| Units to produce | 157500 | 187500 | 201500 | 173200 | 719700 |
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Hoffman Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the...
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...
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...
Johnson Foods produces specialty soup sold in jars. The projected sales in dollars and jars for...
Johnson Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Johnson at tes soling 223.000 jars with total sales revenue of $209,000 in the first quarter of the year blowing the year given in the preceding table Johnson has a policy that the ending invertory of must be 20% of the following quarter's sales 1st Quarter 2nd Quartet 3rd quarter 4th quarter Total sales revenue...
O E9-20A (similar to) Question Help Anderson Foods produces specialty soup sold in jars. The projected...
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...
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...
White Corporation's budget calls for the following sales for next year: Quarter i Quarter 2 108,500...
White Corporation's budget calls for the following sales for next year: Quarter i Quarter 2 108,500 units 90,000 units Quarter 3 Quarter 4 73,300 units 105,200 units Each unit of the product requires 3 pounds of direct materials. The company's policy is to begin each quarter with an inventory of product equal to 5% of that quarter's estimated sales requirements and an inventory of direct materials equal to 20% of that quarter's estimated direct materials requirements for production. Required: 1....
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 Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for th...
Cleary 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 900 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...
Production Budget and Direct Materials Purchases Budgets Peanut Land Inc. produces all-natural organic peanut butter. The...
Production Budget and Direct Materials Purchases Budgets Peanut Land Inc. produces all-natural organic peanut butter. The peanut butter is sold in 12-ounce jars. The sales budget for the first four months of the year is as follows: Unit Sales Dollar Sales ($) January 40,000 72,000 February 45,000 81,000 March 60,000 108,000 April 42,000 75,600 Company policy requires that ending inventories for each month be 20% of next month's sales. At the beginning of January, the inventory of peanut butter is...
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...
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...
Johnson Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Johnson at tes soling 223.000 jars with total sales revenue of $209,000 in the first quarter of the year blowing the year given in the preceding table Johnson has a policy that the ending invertory of must be 20% of the following quarter's sales 1st Quarter 2nd Quartet 3rd quarter 4th quarter Total sales revenue...
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...
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...
White Corporation's budget calls for the following sales for next year: Quarter i Quarter 2 108,500 units 90,000 units Quarter 3 Quarter 4 73,300 units 105,200 units Each unit of the product requires 3 pounds of direct materials. The company's policy is to begin each quarter with an inventory of product equal to 5% of that quarter's estimated sales requirements and an inventory of direct materials equal to 20% of that quarter's estimated direct materials requirements for production. Required: 1....
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...
Cleary 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 900 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...
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