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Ivanhoe 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
Ivanhoe 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 $1,950,000 Selling expenses-variable $171.000 Direct materials 470,000 Selling expenses-fixed 59,000 Direct labor 340,000 Administrative expenses-variable 24,000 360,000 Administrative expenses-fixed 120.500 Manufacturing overhead-variable Manufacturing overhead-fixed 230,000 Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, es 0.251) IVANHOE COMPANY CVP Income Statement (Estimated) Total Per Ur Sales > $ $ > S > > > $ > > S Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, eg. 0.251) IVANHOE COMPANY CVP Income Statement (Estimated) Total Per Unit Percent of Sales $ $ 96 96 $ 96 $ Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, eg. 0.251.) Variable cost per bottle $ eTextbook and Media Compute the break-even point in (1) sales units and (2) sales dollars. (Round answers to decimal places, eg. 1,225.) (1) Break-even point units (2) Break-even point eTextbook and Media Compute the contribution margin ratio and the margin of safety ratio. Contribution margin ratio Margin of safety ratio e Textbook and Media Determine the sales dollars required to earn net income of $210,000. Required sales $
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