Question-3 Revenues and production budget. Saphire, Inc., bottles and distributes mineral water from the company's natural springs in northern Oregon. Saphire markets two products: 12-ounce disposable plastic bottles and 1-gallon reusable plastic containers. Required: 1. For 2018. Saphire marketing managers project 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 Saphire, Inc., for the year ending December 31, 2018, 2. Saphire begins 2018 with 980,000 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 660,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce boules Saphire must produce during 2018? 3. The VP of operations requests that ending inventory of l-pallon containers on December 31, 2018, be 300,000 units. If the production budget calls for Saphire to produce 1.200.000 1-gallon containers during 2018, what is the beginning inventory of l-gallon containers on Sanary 1, 2018