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Oriole Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers
Oriole Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2022, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed (a) Your answer is correct. $2,040,000 500,000 390,000 Administrative expenses-variable 410,000 Administrative expenses-fixed Selling expenses-variable Selling expenses-fixed 240,000 Prepare a CVP income statement for 2022 based on management's estimates. ORIOLE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 $107,000 57,000 21,000 162,000
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