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Prepare a revenues budget for sofie inc

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Reference no: EM133089271

Question - Sofie's Inc., bottles and distributes mineral water from the company's natural springs in the Cayo District Sofie's markets two products: 12-ounce disposable plastic bottles and 1-gallon reusable plastic containers.

Required -

1. For 2020, Sofie's marketing manager projected monthly sales of 500,000 12-ounce bottles and 130,000 1-gallon containers. Average selling prices are estimated at $0.30 per 12-ounce bottle and $1.60 per 1-gallon container. Prepare a revenues budget for Sofie's, Inc., for the year ending December 31, 2020.

2. Sofie's begins 2020 with 980,000 12-ounce bottles in inventory. The vice president of operations requests that 12-ounce bottles ending inventory on December 31, 2020, be no less than 660,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Sofie's must produce during 2020?

3. The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2020, be 300,000 units. If the production budget calls for Sofie's to produce 1,200,000 1-gallon containers during 2020, what is the beginning inventory of 1-gallon containers on January 1, 2020?

Reference no: EM133089271

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