Ivanhoe Company bottles and distributes B$-$Lite, a diet soft drink. The beverage is sold for $50$ cents per $16-$ounce bottle to retailers.Your answer is incorrect.

Calculate variable cost per bottle. $($Round variable cost per bottle to $3$ decimal places, e$.$g$.0\mathrm{.}251.)$

Variable cost per bottle $

For the year $2022,$ management estimates the following revenues and costs.

$($a$)$

Prepare a CVP income statement for $2022$ based on management's estimates. $($Round per unit answers to $3$ decimal places, e$.$g$.$

$0\mathrm{.}251.)$

IVANHOECOMPANY

CVP Income Statement $($Estimated$)$

For the Year Ending December $31,2022$

Variable Expenses

Cost of Goods Sold

$

Selling Expenses

Administrative Expenses

Total Variable Expenses

Contribution Margin

Fixed Expenses

Cost of Goods Sold

Selling Expenses

Administrative Expenses

Total Fixed Expenses