Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help to find the required sales in dollars Problem 10-2A (Part Leval Submisslon) Jorgc Company battles and distrbuta a-Lte, a det saft drink. Th

image text in transcribed

Need help to find the required sales in dollars

Problem 10-2A (Part Leval Submisslon) Jorgc Company battles and distrbuta a-Lte, a det saft drink. Th baverag is told for G0 nt: per IG-ounon battle to retailer, who char stomen ga cant: per batti. Fer thc ynar 2017, rana9cment estimates th folowing revenacs and coes. 70,000 40,000 Sellingsponces-fixnd 00,000 Adminittrative 37,400 (a) Prepare a CVP income statement for 2017 baand on managements estinates (b1) Cslculate variable cact per tottle (Round variable coct por bottlo to 3 docimal places ag. a 25 Varable cost (b2) Jyour answer is noemect. Try agan. Comoute the break-even point in 1 units and (2) dolars. (1) Compute the break-even point (2) Compute the break-even pont (Round answers to 0 decima, places, eg. L 22S.) ngute thn contribution margin are the margin et satoty rato (Round variable cost per bottle to 3 decimal places, e.g. 0.2S7 and final answers to 0 decimal place eg. 2st Margin of safaty rato (d) Determine the sales dollars recuired to eam net income ot $41,600.(Round answer to 0 decimal places,.g. A.225)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Construction accounting and financial management

Authors: Steven j. Peterson

2nd Edition

135017114, 978-0135017111

More Books

Students also viewed these Accounting questions

Question

=+b) Which model do you prefer? Explain briefly. Section 18.4

Answered: 1 week ago

Question

=+3. What level of candor are decision makers willing to receive?

Answered: 1 week ago