Percy's Pickled Snacks Produces Several Types of Pickled Vegetables

question 34

Multiple Choice

Percy's Pickled Snacks produces several types of pickled vegetables.The company budgets for each quarter in the last month of the previous quarter.In early March,Percy is preparing the budget for pickled beets.Budgeted sales are 12,000 jars for April,16,000 jars for May,and 19,000 jars for June.Each jar requires 1.2 pounds of beets.The pickling process takes 60 minutes for 20 jars.Because pressurized cooking is used,the processing is monitored by an employee at all times.Each jar of pickled beets sells for $15.00. Percy requires ending Finished Goods inventory equal to 25% of the following month's sales.Other information is as follows:
What is Percy's production budget for April?

• A)12,000
• B)13,000
• C)16,000
• D)11,000

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Definitions:

Customer Loyalty

The likelihood of previous customers to continue buying products or services from a specific business due to satisfaction with the product or service, convenience, or familiarity.

Profit Margins

The difference between the cost of goods sold and the sales revenue, expressed as a percentage of sales revenue, indicating the profitability of a product or business.

Sales Volume

The total number of units sold within a specified time period, often used as a measure of business performance.

Ethical Conduct

Adherence to moral principles and standards of behavior in professional and personal actions.