Ch18 Q12 a

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Crane 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 $1.750,000 Selling expenses-variable $96,500 Direct materials 450.000 Selling expenses-fixed 63,000 Direct labor 360.000 Administrative expenses variable 26,000 Manufacturing overhead-variable 380,000 Administrative expenses-fixed 69,500 Manufacturing over head--fixed 130.000 (a) Prepare a CVP income statement for 2020 based on management's estimates CRANE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 (a) Prepare a CVP income statement for 2020 based on management s estimates. CRANE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $ IN $ Administrative Expenses Contribution Margin Cost of Goods Sold Fixed Expenses Net Income/(Loss) Sales Selling Expenses Total Fixed Expenses Total Variable Expenses Variable Expenses Gross Profit