Carla Vista Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Carla Vista Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. Sales $1,980,000 Selling expenses-variable $110,000 Direct materials 430,000 Selling expenses-fixed 62,000 Direct labor 400,000 Administrative expenses-variable 26,000 Manufacturing overhead-variable 420,000 Administrative expenses-fixed 133,200 Manufacturing overhead-fixed 280,000 (a) Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, e.g. 0.251.) Sales Variable Expenses Cost of Goods Sold Selling Expenses > Administrative Expenses Total Variable Expenses Contribution Margin Fixed Expenses Cost of Goods Sold Selling Expenses A > > Administrative Expenses Total Fixed Expenses Net Income/(Loss) For the Year Ending December 31, 2022 Total 1250000 110000 26000 A 280000 62000 133200 1980000 1386000 +A 594000 Per Unit GA $ 475000 $ 118800 A For the Year Ending December 31, 2022 Total 1250000 110000 26000 $ 280000 62000 133200 +A 1980000 1386000 A Per Unit 594000 $ 475000 118800 Percent of Sales % % do % Carla Vista Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. Sales $1,980,000 Selling expenses-variable $110,000 Direct materials 430,000 Selling expenses-fixed 62,000 Direct labor 400,000 Administrative expenses-variable 26,000 Manufacturing overhead-variable 420,000 Administrative expenses-fixed 133,200 Manufacturing overhead-fixed 280,000 (a) Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, e.g. 0.251.) Sales Variable Expenses Cost of Goods Sold Selling Expenses > Administrative Expenses Total Variable Expenses Contribution Margin Fixed Expenses Cost of Goods Sold Selling Expenses A > > Administrative Expenses Total Fixed Expenses Net Income/(Loss) For the Year Ending December 31, 2022 Total 1250000 110000 26000 A 280000 62000 133200 1980000 1386000 +A 594000 Per Unit GA $ 475000 $ 118800 A For the Year Ending December 31, 2022 Total 1250000 110000 26000 $ 280000 62000 133200 +A 1980000 1386000 A Per Unit 594000 $ 475000 118800 Percent of Sales % % do %
Expert Answer:
Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
Students also viewed these accounting questions
-
The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 658,000 Direct labor cost $ 87,000 Raw material purchases $ 134,000 Selling expenses $...
-
Jorge 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...
-
A transparent rod 30.0 cm long is cut flat at one end and rounded to a hemispherical surface of radius 10.0 cm at the other end. A small object is embedded within the rod along its axis and halfway...
-
Perhaps because of hard times in their start-up years, companies in the high-tech sector of American industry seem more prone than those in other sectors to building up cash reserves. For example,...
-
The set of years in which Apple iPhone unit sales were between 140 million and 200 million. Use the following graph, created using Stat Crunch, which shows the worldwide sales of the Apple iPhone, in...
-
In spring 1989, Michael Jordan and the Chicago Bulls were in Indianapolis, Indiana, to play against the Indiana Pacers. At the same time, Karla Knafel was singing with a band at a hotel in...
-
Sid Patel bid for and won a concession to rent bicycles in the local park during the summer. During the month of April, Patel completed the following transactions for his bicycle rental business:...
-
It took 6 seconds for the sound of a whistle to reach an observer 5400 feet away from the whistle. At what rate did the sound travel in feet per minute?
-
The table below shows the production possibilities for Concordia and Harmonia. CONCORDIA'S PRODUCTION Product Pork D 16 12 8 4 Beans 10 15 20 HARMONIA'S PRODUCTION Product A D Pork 16 12 8 Beans e 6...
-
Company A owns 40 million ordinary shares issued by Company B. The total number of ordinary shares issued by Company B is 100 million. At the same time, Company A also holds $10,000,000 of...
-
The manager has wide decision-making discretion. The investors can remove the manager by a simple majority vote, but only for breach of contract. Does the fund manager have control over the fund? A...
-
A fund manager manages an investment fund based on narrowly defined parameters in local regulations. The manager has 5% interests in fund, and is paid 1% of net asset value as remuneration. The...
-
The manager has wide decision-making discretion. The investors appoint a board of directors for the fund. The board decides annually if the manager is to be appointed. The services of the manager are...
-
An investee is a vehicle that purchases fixed rate securities, funded by a mix of equity and debt instruments. The equity provides first loss protection to the debt investors. An asset manager has...
-
A research company conducts a poll in a particular geographical area asking adults to imagine a ladder with 10 rungs. Rung 0 represents the worst possible life and rung 10 represents the best...
-
It is possible to investigate the thermo chemical properties of hydrocarbons with molecular modeling methods. (a) Use electronic structure software to predict cHo values for the alkanes methane...
-
The management of Russel Inc. is trying to decide whether it can increase its dividend. During the current year, it reported net income of $875,000. It had cash provided by operating activities of...
-
How do the content of reports and the verification of reports differ between managerial and financial accounting?
-
(a) What is a statement of cash flows? (b) Nick Johns maintains that the statement of cash flows is an optional financial statement. Do you agree? Explain.
-
Visit the Suzy Lamplugh Trust website at http://www.suzylamplugh.org and the Social Research Association at http://the-sra.org.uk/sra_resources/safety-code/ . Browse the guidance leaflets/web pages...
-
Andrew, a final year part-time MBA student employed by a large Maltese market research company, read in a local newspaper that Malta (a small island state situated in the centre of the Mediterranean...
-
Maria had a problem. The research proposal for her masters research project was due. But she had no idea what to research. Sustainable tourism had been her favourite module on the programme and...
Churchills Adaptive Enterprise Lessons For Business Today 1st Edition - ISBN: 1895186196 - Free Book
Study smarter with the SolutionInn App