Question: Please solve all the following: Current Attempt in Progress Cullumber Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60

Please solve all the following:
Please solve all the following: Current Attempt in Progress Cullumber 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. $1,800,000 Sales $ 105,000 62.000 Direct
materials 510,000 Selling expenses-variable Selling expenses --fixed Administrative expenses-variable Administrative expenses-fixed 25,000
Direct labor 390,000 96,000 410,000 Manufacturing overhead-variable Manufacturing overhead-fixed 130,000 Prepare a

Current Attempt in Progress Cullumber 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. $1,800,000 Sales $ 105,000 62.000 Direct materials 510,000 Selling expenses-variable Selling expenses --fixed Administrative expenses-variable Administrative expenses-fixed 25,000 Direct labor 390,000 96,000 410,000 Manufacturing overhead-variable Manufacturing overhead-fixed 130,000 Prepare a CVP Income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, es. 0.251.) CULLUMBER COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 V Total Per Unit CULLUMBER COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Total Per Unit 0.60 Sales 1800000 V Variable Expenses Cost of Goods Sold $ 1310000 Selling Expenses 105000 Administrative Expenses 25000 - 1440000 0.48 Total Variable Expenses 360000 $ 0.12 Contribution Margin Fixed Expenses Selling Expenses Cost of Goods Sold $ 1310000 Selling Expenses 105000 Administrative Expenses 25000 Total Variable Expenses v -1440000 0.48 Contribution Margin 360000 $ 0.12 Fixed Expenses Selling Expenses Administrative Expenses Manufacturing Overhead Total Fixed Expenses Net Income/(Loss) $ CULLUMBER COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Total Per Unit Percent of Sales $ 1800000 $ 0.60 % $ 1310000 105000 25000 -1440000 0.48 % 360000 $ 0.12 % Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle $ e Textbook and Media Compute the break-even point in (1) sales units and (2) sales dollars. (Round answers to decimal places, e.g. 1,225.) (1) Break-even point units (2) Break-even point $ e Textbook and Media Compute the contribution margin ratio and the margin of safety ratio. Contribution margin ratio de Margin of safety ratio % e Textbook and Media Determine the sales dollars required to earn net income of $ 170,000. Required sales $ e Textbook and Media

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!