problem 22.3

Atstructions costs per haircut and the total monthly fixed costs. 2. Determine the A Compute the bres a. the break-even point in units and dollars. graph, assuming a maximum of 1,800 haircuts in a month. Use increments of 300 on the horizontal axis and $3,000 on the vertical axis. ne net income, assuming 1,600 haircuts are given in a month. Prepare a CVP graph haircuts on the hori d. Determine net inc P23.34 (LO 3, 4, 5) JO 3.4, 5) Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is nts per 16-ounce bottle to retailers. For the year 2020, management estimates the following cold for 50 cents per 16-ounce revenues and costs. nd the $1,800,000 430,000 360,000 $70,000 65,000 Selling expenses-variable Selling expenses--fixed Administrative expenses-- variable Administrative expenses- fixed 20,000 Sales Direct materials Direct labor Manufacturing overhead- variable Manufacturing overhead- fixed nours? 380,000 60,000 280,000 Instructions 2. Prepare a CVP income stat total amounts only.) CVP income statement for 2020 based on management's estimates. (Show column for e data b. Compute the break 6. Compute the contribution d. Determine the sal ute the break-even point in (1) units and (2) dollars. the contribution margin ratio and the margin of safety ratio. (Round to nearest full percent.) ar's required to earn net income of $180,000. in 2020. For the first time in its history, it operated fuam selling 500,000 units