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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. For the
Oriole Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. Sales $2,040,000 Selling expenses-variable $107,000 Direct materials Direct labor 500,000 390,000 Selling expenses-fixed. 57,000 Administrative expenses-variable 21,000 Manufacturing overhead-variable 410,000 Administrative expenses-fixed 162,000 Manufacturing overhead-fixed 240,000 Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, e.g. 0.251.) Sales Variable Expenses Cost of Goods Sold $ Selling Expenses Administrative Expenses 107,000 21,000 ORIOLE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Total 2040000 Per Unit 0.6 Administrative Expenses Total Variable Expenses Contribution Margin Fixed Expenses Cost of Goods Sold Selling Expenses Administrative Expenses Total Fixed Expenses Net Income/(Loss) 21,000 $ $
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