Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please notice picture 2&3 are of the same income statment but one has more information on the right side. please answer with full numbers not

please notice picture 2&3 are of the same income statment but one has more information on the right side. please answer with full numbers not excell cells (ex. b2+c6) image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Carla Vista 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. CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Per Unit Sales $ Variable Expenses: \begin{tabular}{|c|} \hline Manufacturine Overhead \\ \hline \end{tabular} $420000 Selling Expenses \begin{tabular}{|l|l|} \hline 110000 & i \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Administrative Expenses & 26000 & i \\ \hline \end{tabular} Total Variable Expenses Contribution Margin Fixed Expenses Manufacturing Overhead \begin{tabular}{|l|l|} \hline 280000 & 1 \\ \hline \end{tabular} Selling Expenses \begin{tabular}{|l|l|} \hline 62000 & i \\ \hline \end{tabular} \begin{tabular}{l} Administrative Expenses \\ \hline Total Fixed Expenses \\ \hline Net income/(toss) \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline 133200 & 1 \\ \hline \end{tabular} CVPIncome Statement (Estimated) For the Year Ending December 31, 2022 Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, eg. 0.251.) Variable cost per bottle * Your answer is incorrect Compute the break-even point in (1) sales units and (2) sales dollars. (Round answers O decimal places, es. 1.225.) (1) Break-even point units (2) Break-even point $ Compute the contribution margin ratio and the margin of safety ratio. Contribution margin ratio % Margin of safety ratio % Determine the sales dollars required to earn net income of $180,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Define and explain the nature of nonassociative learning.

Answered: 1 week ago