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Need some help with the following Income Statement. Please fill out each cell shown in the image, the last column is the percent of sales.
Need some help with the following Income Statement. Please fill out each cell shown in the image, the last column is the percent of sales. thanks!
Sandhill 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 $1,900,000 Selling expenses-variable $132,000 Direct materials 470,000 Selling expenses-fixed 63,000 Direct labor 340,000 Administrative expenses-variable 28,000 Manufacturing overhead-variable 360,000 Administrative expenses-fixed 94,500 Manufacturing overhead-fixed 270,000 (a) Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, e.g. 0.251.) SANDHILL COMPANY CVP Income Statement (Estimated) Total Per Unit Per $Step by Step Solution
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