User Account

All Pages

Make a cvp income statement

Assignment Help Accounting Basics
Reference no: EM132616280

Question - Wildhorse 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 2020, management estimates the following revenues and costs.

Sales $1,850,000

Selling expenses-variable $95,000

Direct materials 470,000

Selling expenses-fixed 54,000

Direct labor 340,000

Administrative expenses-variable 30,000

Manufacturing overhead-variable 360,000

Administrative expenses-fixed 109,000

Manufacturing overhead-fixed 170,000

Required - Make a CVP income statement for 2020 based on management's estimates.

Reference no: EM132616280

Questions Cloud

Record all the transactions in the General Journal : YOU ARE REQUIRED TO: Record all the transactions in the General Journal of Mamello stores for June 2020. Narrations are required
What are the basic elements of auditor report : What are the basic elements of auditor's report? Explain briefly. Our responsibility is to express an opinion on these ?nancial statements based on our audit.
Which is correct when land costing is sold : Which is correct when land costing $10,000 is sold for $12,000? The land was a component of property and equipment on the balance sheet.
Determine the variable costs per haircut : One of the barbers serves as the manager and receives an extra $560 per month. Determine the variable costs per haircut
Make a cvp income statement : Wildhorse Company bottles and distributes B-Lite, a diet soft drink. Make a CVP income statement for 2020 based on management's estimates
How the internal audit function gets appropriate : Outline how the internal audit function gets appropriate support from the CEO and senior management team in an organization. Explain in detail.
What is the value as of today of three payments : What is the value as of today of three payments of $5000,$8000 and $9500 to be made by the end of the next 2 years,5 years and 8 years respectively.
Make an Income statement for the year ended March : Receivables include an amount of Sh.39,200 which was not expected to be recovered. Make an Income statement for the year ended March
Make a project feasibility of any construction project : Make a project feasibility of any construction project. Make any assumptions where needed. Come up with a profit and loss account statement.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Type of gain will result from the sale

Tom sells a business machine which he was owned for four years for $27,000. Tom purchased the machine for $42,000 and taken $18,000 in depreciation. How much and what type of gain will result from this sale?

  Compute prior service cost amortization

Metlock Corporation amended its pension plan on January 1, 2017, Compute prior service cost amortization for 2017

  Details of the corresponding daily deposit slips

A. Compare the details of the cash receipts journal entries to the details of the corresponding daily deposit slips. B. Obtain the January bank statement and compare the cleared checks to the year end December bank reconciliation.

  Prepare the entry to record any inventory

Nix It Company's ledger on July 31, its fiscal year end, includes the following selected accounts that have normal balances (Nix It uses the perpetual inventory system).

  How much income will be distributed to each partner

If the net income of the year is $80,000, how much income will be distributed to each partner using the average capital account balance ratio

  Prepare a schedule showing the amortised cost of the bonds

HancockLtd buys ten $100 000 10% Treasury bonds on 1 January 2017. Prepare a schedule showing the amortised cost of the bonds over the five year term

  How might Gary determine the appropriate amortization method

The Company has concluded that the contract does not contain a lease, How might Gary's determine the appropriate amortization method of any capitalized costs

  Calculate the depreciation for year one

The equipment has a residual value of $20,000 and an estimated useful life of 5 years. Using the straight-line method, calculate the depreciation for year 1

  Prepare the journal entries required on july and august

This company has 500,000 shares authorized and 100,000 shares outstanding. Prepare the journal entries required on July and August

  Rondello company is considering a capital investment of

rondello company is considering a capital investment of 150000 in additional productive facilities. the new machinery

  Incremental cost of one unit

Direct materials $40, direct labor $10, variable overhead costs $30, and fixed overhead costs $20. In the short term, the incremental cost of one unit is what?

  How might you respond to this risk in terms of staffing

your client general television inc. manufactures televisions and during the current year acquired micro engineering

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd