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Blossom Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers. For the year
Blossom Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. Questi Account Sales $1.850,000 $111.000 Questi Account Direct materials 460,000 54,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed Direct labor 340,000 24,000 Quest ACCUE Manufacturing overhead-variable 360,000 102.250 Ques Accoun Manufacturing overhead-fixed 260,000 Ques Accoul Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, es. 0.251.) Que ACCOU BLOSSOM COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Que Accou Total Per Unit Que ACCO 1,850,000 100 Sales Vie ACC Variable Expenses BLOSSOM COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Total Per Unit Sales 1.850,000 100 Variable Expenses : Cost of Goods Sold $ 1.160,000 Selling Expenses : 111.000 Administrative Expenses : 24,000 Total Variable Expenses 1.295,000 Contribution Margin 555,000 $ Fixed Expenses . Cost of Goods Sold . 260,000 Selling Expenses 54,000 Administrative Expenses 102250 Total Fored Expenses Net Income Loss! $ e Textbook and Media Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle $ eTextbook and Media U2 Compute the break-even point in (1) sales units and (2) sales dollars. (Round answers to decimal places, s. 1,225.) Q Ace (1) Break-even point units Qu Acco (2) Break-even point $ View Compute the contribution margin ratio and the margin of safety ratio. Contribution margin ratio % Margin of safety ratio % eTextbook and Media Determine the sales dollars required to earn net income of $150,000 Required sales $ e Textbook and Media
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