Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Cullumber 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
Cullumber 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. Sales $1,650,000 Selling expenses-variable $73,000 Direct materials 520,000 Selling expenses-fixed 52,000 Direct labor 340,000 Administrative expenses-variable 27,000 Manufacturing overhead-variable 360,000 Administrative expenses-fixed 59,000 Manufacturing overhead-fixed 120,000 1220000 73000 27000 120000 52000 9000 CULLUMBER COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Total Per Unit 1650000 1320000 0.50 Percent of Sales 100 % 0.375 75 % 330000 0.125 25 % 181000 149000 Your answer is incorrect. Compute the break-even point in (1) sales units and (2) sales dollars. (Round answers to 0 decimal places, e.g. 1,225.) (1) Break-even point 1810000 units (2) Break-even point $ 905000 eTextbook and Media Your answer is partially correct Compute the contribution margin ratio and the margin of safety ratio. Contribution margin ratio % Margin of safety ratio eTextbook and Media Your answer is incorrect. 45 Determine the sales dollars required to earn net income of $230,000. Required sales $ Tarthan 200000 s
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started