Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Variable cesting income statement Sports Drinks, Inc. begin business in the current year selling bottles of a thirst-quenching drink Production for the first year
Variable cesting income statement Sports Drinks, Inc. begin business in the current year selling bottles of a thirst-quenching drink Production for the first year was 228.800 bottles and sales were 213,600 bones. The sating arve per he was $3.10 Comic during the year were as follows: variabin overnead 52200 5200 10400 22,000 31.040 For the year a. What was the production cost per bottle under variable costing? o What was vanable cost of goods sold?s o What was the contribution margin per bottle? Note: Round your answer to two decimal places (for example, round $2.455 to $2 $0 d. What was the contribution margin ratio? Note: Round your answer to the nearest whole percentage point 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started