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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 2017, manage

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 2017, management estimates the following revenues and costs.

Sales $1,840,000 Selling expenses—variable $70,000 Direct materials 440,000 Selling expenses—fixed 55,000 Direct labor 300,000 Administrative expenses—variable 26,000 Manufacturing overhead—variable 360,000 Administrative expenses—fixed 46,000 Manufacturing overhead—fixed 511,500 Your answer is partially correct. Try again. Prepare a CVP income statement for 2017 based on management’s estimates.

JORGE COMPANY CVP Income Statement (Estimated) $ $ $ Link to Text Link to Text Link to Text Your answer is incorrect. Try again. Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle $ Link to Text Link to Text Link to Text Your answer is incorrect. Try again. Compute the break-even point in (1) units and (2) dollars. (Round answers to 0 decimal places, e.g. 1,225.) (1) Compute the break-even point units (2) Compute the break-even point $ Link to Text Link to Text Link to Text Your answer is incorrect. Try again. Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, e.g. 0.25 and final answers to 0 decimal places, e.g. 25%.) Contribution margin ratio % Margin of safety ratio % Link to Text Link to Text Link to Text Your answer is incorrect. Try again. Determine the sales dollars required to earn net income of $54,250. (Round answer to 0 decimal places, e.g. 1,225.) Required sales dollars $

 

Aug 11 2021 View more View Less

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