Rosen Pty bottles and distributes No-FIZZ, a fruit drink. The beverage is sold for $1 per 250mL bottle to retailer, who charge customers $1.40 per bottle. For the year 2019, management estimates the following income and costs. Net sales Direct materials Direct labour Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses-variable Selling expenses-fixed Administrative expense-variable Administrative expense-fixed $4,000,000 720,000 1,340,000 540,000 440,000 $200,000 300,000 80,000 100,000 Required: Prepare a contribution margin statement for 2019 based on managements estimates. |