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Jorge company bottles and distributes b-lite a diet soft

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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 2014, management estimates the following revenues and costs.

Prepare a CVP income statement for 2014 based on managemental estimates.

  • Sales 1,800,000
  • direct materials 430,000
  • direct labor 360,000
  • manufacturing overhead- variable 380,000
  • manufacturing overhead- fixed 280,000
  • Selling expenses- variable 70,000
  • Selling expenses- fixed 65,000
  • Administrative expenses- 20,000
  • Administrative expenses- 60,000
  1. calculate the variable cost per bottle. -round to 2 decimal places
  2. Compute the break-even point in (1) units and (2) dollars. -round to 0 decimal places
  3. Compute the contribution margin ratio and the margin of safety ratio. -round to 2 decimal places
  4. Determine the sales dollars required to earn net income of $180,000. -round to 0 decimal places

Reference no: EM13482326

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