Question
kindly assist me with the solution the below Sofie's Inc., bottles and distributes mineral water from the company's natural springs in the Cayo District Sofie's
kindly assist me with the solution the below
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:
- 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. (8 points)
- 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? (7 points)
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? (5 points)
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