Cullumber 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$1,650,000Selling expenses-variable$73,000Direct materials520,000Selling expenses-fixed52,000Direct labor340,000Administrative expenses-variable27,000Manufacturing overhead-variable360,000Administrative expenses-fixed59,000Manufacturing overhead-fixed120,000 Determine the sales dollars required to earn net income of $230,000.Required sales$

fixed expenses manufactured over head = 120000selling expenses =52000adminstrative expenses = 59000…

Answered: Cullumber Company bottles and…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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You are thinking about opening an oil change shop. Your fixed costs will be $14,500 per month. You will charge customers $30 for a lube-oil-filter. The cost of materials is in addition to your fixed costs and is estimated at $10 per customer. How many customers must you have each month in order to break even?
The entry to record cost of goods sold at the end of the month is a: Debit to Work in Process Inventory and a credit to Finished Goods Inventory. Debit to Cost of Goods Sold and a credit to Finished Goods Inventory. Debit to Finished Goods Inventory and a credit to Cost of Goods Sold. Debit to Finished Goods Inventory and a credit to Work in Process Inventory.
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All-Natural Coop makes three breakfast ccrcals, A, B, and C, from four ingredients: rolled oats, raisins, shredded coconuts, and slivered almonds. The daily availabilities of the ingredients are 5 tons, 2 tons, 1 ton, and 1 ton, respectively. The corresponding costs per ton are $100, $120, $110, and $200, respectively. Cereal A is a 50:5:2 mix of oats, raisins, and almond. Cercal B is a 60:2:3 mix of oats, coconut, and almond. Cercal C is a 60:3:4:2 mix of oats, raisins, coconul, and almond. The cercals are prodluced in jumbo 5-lb sizes. All-Natural sells A, B, and Cat $2.00, $2.50, and $3.00 per box, respectively. The minimum daily demand for cereals A. B, and C is 500, 600, and 500 boxes, respectively. Develop an LP model to determine the optimal production mix of the cereals and the associated amounts of ingredients, and find the solution using execl Solver
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a Tax Revenue ($) Refer to the above Laffer Curve diagram. Going into the sluggish U.S. economy of the early 1980s, economist Arthur Laffer and President Ronald Reagan maintained that that the economy was located at O tax rate d. O some level above tax rate b. O some level below tax rate b. O tax rate b. of Tax Rate (%)
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