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Need some help with the last question, thanks! Sandhill Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents
Need some help with the last question, 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 $132,000 Direct materials 470,000 Selling expenses-fixed 63,000 Direct labor 340.000 Administrative expenses-variable 28,000 Manufacturing overhead-variable 360,000 Administrative expenses-fixed 94,500 Manufacturing overhead-fixed 270,000Income Statement : Particulars Amount($) Amount($) Sales Revenue 1900000 Less : Variable Expenses :7 Cost of Goods Sold ($47000O+$340000+$360000) 1170000 Selling Expenses 132000 Administrative Expenses 28000 Total Variable Expenses 1330000 Contribution Margin ($19000007$1330000l 570000 Less: Fixed Expenses: Cost of Goods Sold 270000 Selling Expenses 63000 Administrative Expenses 94500 Total Fixed Expenses 4_27,500 Net Income / (Loss) ($5700007$427500) 142500 Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle $ 0.350 e Textbook and Media Attempts: 1 of 5 used (b2 ) V Your answer is correct. Compute the break-even point in (1) sales units and (2) sales dollars. (Round answers to O decimal places, e.g. 1,225.) (1) Break-even point 2850000 units (2) Break-even point 1425000 e Textbook and Media Attempts: 1 of 5 used (c) V Your answer is correct. Compute the contribution margin ratio and the margin of safety ratio. Contribution margin ratio 30 Margin of safety ratio 25 eTextbook and Media Attempts: 3 of 5 used (d) Determine the sales dollars required to earn net income of $210,000. Required sales $Step by Step Solution
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