sales is 18,00,000

selling expenses variable- 70,000

M D 3 B 1 = 5 . 1 ( 10 1 2 3 4 5 6 A 0 1 8 D E F Sales Direct materials Direct labor G H ##*##**# 430,000 360,000 380,000 280,000 Manufacturing overhead- variable Manufacturing overhead -fixed I J Question # 1 Prepare a CVP income statement, compute break-even point, contribution margin ratio, margin of safety ratio and sales for target net income fx Enter text or formula here K L Drink Me Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers. For the year 2020, management estimates the following revenues and costs. C M Selling expenses variable Selling expenses - fixed Administrative expenses Administrative expenses - fixed . variable N ******* Instructions 7 (a) Prepare a CVP income statement for 2020 based on management estimates. (show column for total amounts only.) (b) Compute the break-even point in (1) units and (2) dollars. 8 9 (c) Compute the contribution margin ratio and the margin of safety ratio. (Round to the nearest full percent.) (d) Determine the sales dollars required to earn net income of $180,000. 65,000 20,000 60,000 0 P Question # Prepare a CVP income statement, compute break-even point, contribution margin ratio, margin of safety ratio and sales for target net income Drink Me Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers. For the year 2020, management estimates the following revenues and costs. Sales Direct materials Direct labor (a) Manufacturing overhead- variable Manufacturing overhead -fixed $1,800,000 430,000 360,000 380,000 280,000 Selling expenses - variable Selling expenses - fixed Administrative expenses - variable Administrative expenses - fixed 65,000 20,000 60,000 Instructions (a) Prepare a CVP income statement for 2020 based on management estimates. (show column for total amounts only.) (b) Compute the break-even point in (1) units and (2) dollars. (c) Compute the contribution margin ratio and the margin of safety ratio. (Round to the nearest full percent.) (d) Determine the sales dollars required to earn net income of $180,000