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Ivanhoe 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 $1,950,000 470,000 340,000 360,000 230,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $171,000 59,000 24,000 120,500

Ivanhoe 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 $1,950,000 470,000 340,000 360,000 230,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $171,000 59,000 24,000 120,500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Ivanhoe 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 $1,950,000 470,000 340,000 Administrative expenses-variable 360,000 Administrative expenses-fixed Selling expenses-variable Selling expenses-fixed 230,000 $171,000 59,000 24,000 120,500
Transcribed Image Text:Ivanhoe 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 $1,950,000 470,000 340,000 Administrative expenses-variable 360,000 Administrative expenses-fixed Selling expenses-variable Selling expenses-fixed 230,000 $171,000 59,000 24,000 120,500
Sales BOOOOO Cost of Goods Sold IVANHOE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 $ Total Per Unit Percent of Sales % % %
Transcribed Image Text:Sales BOOOOO Cost of Goods Sold IVANHOE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 $ Total Per Unit Percent of Sales % % %
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