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Hoffman Foods produces specialty soup sold in jars. The projected sales in dollars and jars...

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Question

Accounting

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.
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.
Hoffman Foods
Production Budget
For the Quarters in the Upcoming Year
image

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