Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. For 2018, Polin marketing managers project monthly sales of 480,000 12-ounce bottles and 150,000 1-gallon containers. Average selling prices are estimated at $0.75

image text in transcribedimage text in transcribed

1. For 2018, Polin marketing managers project monthly sales of 480,000 12-ounce bottles and 150,000 1-gallon containers. Average selling prices are estimated at $0.75 per 12-ounce bottle and $1.80 per 1-gallon container. Prepare a revenues budget for Polin, Inc., for the year ending December 31, 2018. 2. Polin begins 2018 with 920,000 12-ounce bottles in inventory. The vice president of operations requests that 12-ounce bottles ending inventory on December 31, 2018, be no less than 670,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Polin must produce during 2018? 3. The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2018, be 220,000 units. If the production budget calls for Polin to produce 1,200,000 1-gallon containers during 2018, what is the beginning inventory of 1-gallon containers on January 1, 2018? Requirement 1. For 2018, Polin marketing managers project monthly sales of 480,000 12-ounce bottles and 150,000 1-gallon containers. Average selling prices are estimated at $0.75 per 12-ounce bottle and $1.80 per 1-gallon container. Prepare a revenues budget for Polin, Inc., for the year ending December 31, 2018 Revenues Budget For Year Ending December 31,2018 Units Price Total 12-oz. bottles 1-gallon containers Budgeted revenues

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: kieso, weygandt and warfield.

14th Edition

9780470587232, 470587288, 470587237, 978-0470587287

More Books

Students also viewed these Accounting questions

Question

1. What are some influences on government purchases?

Answered: 1 week ago