Jorge company bottles and distributes b-lite a diet soft

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Reference no: EM13482716

Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2014, management estimates the following revenues and costs.

Prepare a CVP income statement for 2014 based on managemental estimates.

Sales 1,800,000

direct materials 430,000

direct labor 360,000

manufacturing overhead- variable 380,000

manufacturing overhead- fixed 280,000

Selling expenses- variable 70,000

Selling expenses- fixed 65,000

Administrative expenses- 20,000

Administrative expenses- 60,000

calculate the variable cost per bottle. -round to 2 decimal places

Compute the break-even point in (1) units and (2) dollars. -round to 0 decimal places
Compute the contribution margin ratio and the margin of safety ratio. -round to 2 decimal places
Determine the sales dollars required to earn net income of $180,000. -round to 0 decimal places

Reference no: EM13482716

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