Question

For 2018​, Pompi marketing managers project monthly sales of 460 comma 000 ​12-ounce bottles and 200 comma 000 ​1-gallon containers. Average selling prices are estimated at $ 0.40 per​ 12-ounce bottle and $ 1.20 per​ 1-gallon container. Prepare a revenues budget for Pompi​, ​Inc., for the year ending December​ 31, 2018.

Answer 1

Budgeted total revenue = $424,000

Step-by-step explanation:

The revenue budget shows the expected amount sales income projected for the next coming accounting period for a business. It contains data about the expected ales volume for different products, their prices and the estimated sales revenue.

Product Price Quantity Revenue

Ounce 0.40 460,000 184,000

Bottles 1.20 200,000 240,000

Total revenue 424,000

Budgeted total revenue = $424,000