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Oriole Company bottles and distributes B-Lite, diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers. For the year 2022,
Oriole Company bottles and distributes B-Lite, 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 500,000 Selling expenses-fixed 57,000 Direct labor 390,000 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.) $ ORIOLE COMPANY CVP Income Statement (Estimated) Total $ Per Unit 5 Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle eTextbook and Media Compute the break-even point in (1) sales units and (2) sales dollars. (Round answers to O decimal places, eg. 1,225) (1) Break-even point (2) Break-even point $ units Compute the contribution margin ratio and the margin of safety ratio. Contribution margin ratio Margin of safety ratio % eTextbook and Media Determine the sales dollars required to earn net income of $240,000. Required sales $ eTextbook and Media
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