Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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:

  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. (8 points)

  1. 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)

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

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0073379616, 73379611, 978-0697789938

More Books

Students also viewed these Accounting questions

Question

3. What societal factors affect definitions of abnormality?

Answered: 1 week ago