Question 1

Determine the missing amounts. Unit Selling Unit Variable Unit Contribution Contribution Price Costs Margin Margin Ratio $550 $330 $ (a) % $250 $ (c) $110 (e) $ (f) $960 40 %Blossom 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 costs. Sales $1,500,000 Selling expenses-variable $90,000 Direct materials 410,000 Selling expenses-fixed 50,000 Direct labor 330,000 Administrative expenses-variable 20,000 Manufacturing overhead-variable 350,000 Administrative expenses-fixed 40,000 Manufacturing overhead-fixed 150,000Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, e.g. 0.251.) BLOSSOM COMPANY CVP Income Statement (Estimated) Total Per Unit $ $ $to eTextbook and Media 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 MediaCompute the break-even point in (1) sales units and (2) sales dollars. (Round answers to O decimal places, e.g. 1,225.) (1) Break-even point units (2) Break-even point $ eTextbook and Media Compute the contribution margin ratio and the margin of safety ratio. Contribution margin ratio % Margin of safety ratio % eTextbook and MediaDetermine the sales dollars required to earn net income of $150,000. Required sales $ BLOSSOM COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 V Total Per Unit Percent of Sales $ 1500000 $ ' 0.50 100 % 1090000 E 90000 E 20000 i 1200000 i % 300000 $ % Blossom 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 costs. Sales $1,500,000 Selling expenses-variable $90,000 Direct materials 410,000 Selling expenses-fixed 50,000 Direct labor 330,000 Administrative expenses-variable 20,000 Manufacturing overhead-variable 350,000 Administrative expenses-fixed 40,000 Manufacturing overhead-fixed 150,000Blossom Company CVP Income statement (Estimated) For the year ended 31st December 2022 Percent of Particulars Total Per unit sales Sales 1,500,000 0.50 100% Less: Variable expenses Cost of goods sold (410000+330000+350000) 1,090,000 Selling expenses 20,000 Administrative expenses 90,000 Total variable expenses 1,200,000 0.40 80% Contribution margin 300,000 0.10 20% Less: Fixed expenses Manufacturing overhead 150,000 Selling expenses 50,000 Administrative expenses 40,000 Total fixed expenses 240,000 Net income 60,000