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Show Attempt History Current Attempt in Progress Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per
Show Attempt History Current Attempt in Progress Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2022, management estimates the following revenues and costs. Sales $1,800,000 Selling expenses-variable $70,000 Direct materials 430,000 Selling expenses-fixed 65,000 Direct labor 360,000 Administrative expenses-variable 20,000 Manufacturing overhead-variable 380,000 Administrative expenses-fixed 60,000 Manufacturing overhead-fixed 280,000 (a) Your answer is partially correct. Prepare a CVP income statement for 2022 based on management's estimates. ENG IN Sales a CVP income statement for 2022 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Variable Expenses Selling Expenses Administrative Expenses Cost of Goods Sold Total Variable Expenses Contribution Margin Fixed Expenses Selling Expenses SA S 1800000
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