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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 Manufacturing overhead-variable 360.000 Administrative expenses-fixed 120,500 Manufacturing overhead-fixed 230.000 (a) 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) For the Year Ending December 31, 2022 Total Per Unit e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer (a) 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) For the Year Endine December 31.2022 Total Per Unit Percent of Sales $ $ % % $ % $ e Textbook and Media Save for Later Attempts: 0 of 5 used Submit
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