Question 1 (25 marks) Ying Kee Food Company (Ying Kee) will launch "Refresh", a new soft drink product, into the market in 2018. The General Manager requested you, the Management Accountant, to provide the budget information relating to this new product for incorporation into h Master Budget. The following data have been gathered from the business team is 2018 1. Sales projection Quarter1 Quarter 2 u3 Quarter 4 135,000 148,500 70,500 50,000 Sales revenue (S15.00 per can) $2,025,000 $2,227,500 S2,557,500 S2.250,000 Sales units (375ml cans) 2. Material requirement of "Refresh": One 375ml can of "Refresh" (one product unit) requires: 300ml Sparkling mineral water 75ml Fruit juice concentrate One 375ml aluminum can 3. The Purchasing Manager advised that his team has obtained suppliers' quotations f materials as follow: Sparkling mineral water Fruit juice concentrates Aluminum can $8 per litre $40 per 500ml S1.3 per piece He expects material prices can be maintained throughout 2018