Utech company bottles and distributes livit a diet soft

Assignment Help Accounting Basics

Reference no: EM13600650

Utech 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 79 cents per bottle. For the year 2010, management estimates the following revenues and costs.

Net sales $1,804,110 Selling expenses-variable $72,570
Direct materials 425,563 Selling expenses-fixed 63,800
Direct labor 351,120 Administrative expenses-variable 24,200
Manufacturing overhead-variable 317,260 Administrative expenses-fixed 58,272
Manufacturing overhead-fixed 285,180
Compute the break-even point in (1) units and (2) dollars.
- Compute the contribution margin ratio and the margin of safety ratio.
- Determine the sales dollars required to earn net income of $236,600.

Reference no: EM13600650

Questions Cloud

In recent years juresic transportation purchased three used : in recent years juresic transportation purchased three used buses.bus acquired cost salvage value useful lifeyrs

During the spring semester an enterprising junior decided : during the spring semester an enterprising junior decided to operate a larrys lemonade stand at the beach rather than

Cite an example of a group other than the fasb that : presented below are three models for setting gaap.1. the purely political approach where national legislative action

Seton company management in exercise 22-9-seton company : seton company management in exercise 22-9-seton company manufactures a single product that sells for 360 per unit and

Utech company bottles and distributes livit a diet soft : utech company bottles and distributes livit a diet soft drink. the beverage is sold for 50 cents per 16-ounce bottle to

Fryer corporation uses the weighted-average method in its : fryer corporation uses the weighted-average method in its process costing system. this month the beginning inventory in

Based solely on this information the net cash provided by : nordstrand companys net income last year was36000. changes in selected balance sheet accounts for the year appear

Ones co manufactures a product called zens in a : ones co. manufactures a product called zens in a three-process series. all materials are introduced at the beginning of

Pnok company has been purchasing a component part q for : pnok company has been purchasing a component part q for 18.90 a unit. pnok is currently operating at 70 of capacity and

User Account

All Pages