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 $1,500,000 410,000 330,000 350,000 150,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $90,000 50,000 20,000 40,000
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 $1,500,000 410,000 330,000 350,000 150,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $90,000 50,000 20,000 40,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:eTextbook and Media
177
BLOSSOM COMPANY
CVP Income Statement (Estimated)
$
TUT
Total
$
$
BLOSSOM COMPANY
CVP Income Statement (Estimated)
Per Unit
S
Total
Percent of Sales
$
%
%
%
Transcribed Image Text: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
$1,500,000
410,000
330,000
350,000
150,000
Selling expenses variable
Selling expenses-fixed
Administrative expenses-variable
Administrative
expenses-fixed
$90,000
50,000
20,000
40,000
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Step 1: Introduce to income statement
VIEWStep 2: Working for sales unit
VIEWStep 3: Working for variable cost of goods sold
VIEWStep 4: Working for variable cost per unit and variable cost as % of sales
VIEWStep 5: Working for contribution margin per unit and contribution margin as % of sales
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