Lorge company bottles and distributes livit a diet soft

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Reference no: EM13604063

Lorge Company bottles and distributes Livit, 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 2011, management estimates the following revenues and costs.

Net sales $1,800,000
Selling expenses-variable $70,000
Direct materials 430,000
Selling expenses-fixed 65,000
Direct labor 352,000
Administrative expenses-variable 20,000
Manufacturing overhead-variable 316,000
Administrative expenses-fixed 60,000
Manufacturing overhead-fixed 283,000

Reference no: EM13604063

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