Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Polin, Inc., bottles and distributes mineral water from the company's natural springs in northern Oregon. Polin markets two products: 12-ounce disposable plastic bottles and 1-gallon

image text in transcribed

Polin, Inc., bottles and distributes mineral water from the company's natural springs in northern Oregon. Polin markets two products: 12-ounce disposable plastic bottles and 1-gallon reusable plastic containers. Read the requirements Requirement 1. For 2018, Polin marketing managers project monthly sales of 410,000 12-ounce bottles and 130,000 1-gallon containers. Average selling prices are estimated at $0.40 per 12-ounce bottle and $1.90 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 12-oz. bottles 1-gallon containers Total Budgeted revenues Requirement 2. Polin begins 2018 with 990,000 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 700,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Polin must produce during 2018? Production Budget (in Units) For the Year Ending December 31,2018 12 oz. bottles Units to be produced Requirement 3. The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2018, be 240,000 units. If the production budget calls for Polin to produce 1,400,000 1-gallon containers during 2018, what is the beginning inventory of 1-gallon containers on January 1, 2018? The beginning inventory of 1-gallon containers, in units, is C o n January 1, 2018. Choose from any list or enter any number in the input fields and then continue to the next

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

Petroleum Accounting Principles Procedures And Issues

Authors: Dennis Jennings, Joe Feiten, Horace Brock

5th Edition

0940966255, 978-0940966253

More Books

Students also viewed these Accounting questions