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Sheridan 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
Sheridan 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 2022, management estimates the following revenues and costs. Sales $2,000,000 Selling expenses-variable $212,000 Direct materials 480,000 Selling expenses-fixed 50,000 Direct labor 330,000 Administrative expenses-variable 28,000 Manufacturing overhead-variable Manufacturing overhead-fixed 350,000 280,000 Administrative expenses-foxxed 90,000 (a) Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, e 0.251.) SHERIDAN COMPANY CVP Income Statement (Estimated) 0 Total Per Unit Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, es 0.251.) SHERIDAN COMPANY CVP Income Statement (Estimated) Total Per Unit D eTextbook and Media See Lane $ 4 %6 S 9 Search hp 7 8 9 0 R T Y 2 P LL F G H J K L < C V B N M (b1) Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, eg 0.251) Variable cost per bottle (62) Compute the break-even point in (1) sales units and (2) sales dollars (Round answers to a decimal places, eg. 1.225) (1) Break-even point (2) Break-even point
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