Ef 240. 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.$1,850,000 Selling expenses-variable460,000 Selling expenses-fixedLE340,000 Administrative expenses-variableManufacturing overhead-variable360.000 Administrative expenses-fixed260,000SalesDirect materialsDirect laborManufacturing overhead-fixed-Your answer is partially correct.SalesPrepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, e.g.0.251.)Variable ExpensesSelling ExpensesAdministrative ExpensesCost of Goods SoldVariable ExpensesSelling ExpensesCost of Goods SoldAdministrative Expenses VContribution MarginFixed ExpensesTotal Variable Expenses VSelling ExpensesVVTotal Fixed ExpensesAdministrative ExpensesNet Income/Loss)vManufacturing Overhead VeTextbook and MediaVVariable cost per bottle✓vVx Your answer is incorrect.$111.00054,00024,000Total102,250BLOSSOM COMPANYCVP Income Statement (Estimated)For the Year Ending December 31, 2022Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251)Per Unit Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, eg. 0.251.)Variable cost per bottleeTextbook and Mediax Your answer is incorrect.Compute the break-even point in (1) sales units and (2) sales dollars. (Round answers to 0 decimal places, e.g. 1,225)(1) Break-even point(2)Break-even point $eTextbook and Mediax Your answer is incons$Contribution margin ratioCompute the contribution margin ratio and the margin of safety ratio.EMargin of safety ratioTiisland Madinx Your answer is incorrect.Contribution margin ratioMargin of safety ratioCompute the contribution margin ratio and the margin of safety ratio.eTextbook and Mediax Your answer is incorrect.unitsRequired sales%eTextbook and Media%%Determine the sales dollars required to earn net income of $150,000.%

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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 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,850,000 460,000 340,000 Administrative expenses-variable 360,000 Administrative expenses-fixed 260,000 Selling Selling expenses-fixed expenses-variable Your answer is partially correct. $111.000 54,000 24,000 102,250 Prepare 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 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 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,850,000 460,000 340,000 Administrative expenses-variable 360,000 Administrative expenses-fixed 260,000 Selling Selling expenses-fixed expenses-variable Your answer is partially correct. $111.000 54,000 24,000 102,250 Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, e.g. 0.251)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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