orch, Inc., bottles and distributes mineral water from the company\'s natural sp

Question

orch, Inc., bottles and distributes mineral water from the company's natural springs in northern Oregon. Porch markets two products: 12- unce disposable plastic bottles and 1-gallon reusable plastic containers. Read the requirements. equirement 1. For 2018, Porch marketing managers project monthly sales of 490,000 12-ounce bottles and 180,000 1-gallon containers. verage selling prices are estimated at $0.80 per 12-ounce bottle and $1.40 per 1-gallon container. Prepare a revenues budget for Porch, nc., for the year ending December 31, 2018. Revenues Budget For Year Ending December 31,2018 Units Price Total 12-oz. bottles 1-gallon containers Budgeted revenues

Explanation / Answer

Solution;

From the given data we need to find the given requirements,

Requirement-1: Revenue budget

Requirement 2: Minimum bottles to be produced

Requirement 3: Beginning inventory of containers

Particulars S.no 12- Ounce bottle 1 Gallon container Projected monthly sales ( units) 1 490,000 180,000 Annual estimated sales (units) 2=1*12 5,880,000 2,160,000 Average selling price 3 $0.80 $1.40 Projected annual sales revenue 4=2*3 4,704,000 3,024,000

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