Homework Answers
| Solution 1: | |||
| Prime Inc. | |||
| Revenues Budget | |||
| For the year ended December 31, 2018 | |||
| Units | Price | Total | |
| 12-Ounce plastic Bottle (420000 x 12) | 5040000 | $0.90 | $4,536,000.00 |
| 1 Gallon plastic container (170000 x 12) | 2040000 | $1.25 | $2,550,000.00 |
| Budgeted revenues | $7,086,000.00 | ||
| Solution 2: Production Budget - 12 ounce plastic bottle | |||
| Units | |||
| Budgeted sales units | 5040000 | ||
| Add: Desired ending inventory | 650000 | ||
| Less: Beginning inventory | -970000 | ||
| Budgeted production units during 2018 | 4720000 | ||
| Solution 3: | |||
| Beginning inventory for 1 gallon container | |||
| = Budgeted sales units + Desired ending inventory - Budgeted production in units | |||
| = 2040000 + 220000 - 1000000 | |||
| = 1260000 units | |||
| Please rate my answer if helpful. Thank You :) |
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