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Preparing a cvp income statement

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Reference no: EM132939848

Ivanhoe 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 1950000
direct materials 470000
direct labor 340000
Manufacturing overhead--variable 360000
manufacturing overhead--fixed 230000
selling expenses--variable 171000
selling expenses--fixed 59000
administrative expenses--variable 24000
administrative expenses--fixed 120500

Problem 1: Preparing a cvp income statement for 2020 based on these estimates

 

Reference no: EM132939848

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