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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. For the year 2022, management estimates the following revenues and costs. Sales $1,800,000 Selling expenses-variable $70,000 Direct materials 430,000 Selling expenses-fixed 65,000 Direct labor 360,000 Administrative expenses-variable 20,000 Manufacturing overhead-variable 380,000 Administrative expenses-fixed 60,000 Manufacturing overhead-fixed 280,000

Jorge 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 $1,800,000 Selling expenses-variable $70,000 Direct materials 430,000 Selling expenses-fixed 65,000 Direct labor 360,000 Administrative expenses-variable 20,000 Manufacturing overhead-variable 380,000 Administrative expenses-fixed 60,000 Manufacturing overhead-fixed 280,000

FINANCIAL ACCOUNTING
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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Most work is done need help with Per Unit and Percent of Sales Section.

Jorge 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 $1,800,000 Selling expenses-variable $70,000 Direct materials 430.000 Selling expenses-fixed 65,000 Direct labor 360.000 Administrative expenses-variable 20,000 Manufacturing overhead-variable 380,000 Administrative expenses-fixed 60,000 Manufacturing overhead-fixed 280,000 Total Per Unit Percent of Sales Sales 1,800,000 0.50 Variable Expenses Cost of Goods Sold 2$ 1170000 i Selling Expenses 70,000 i Administrative Expenses 20,000 i Total Variable Expenses 1,260,000 i 70 i % Contribution Margin 540000 $ Fixed Expenses Manufacturing Overhead v 280000 i Selling Expenses 65000 i Administrative Expenses 60000 i Total Fixed Expenses 405000 i Net Income/(Loss) 24 135000
Transcribed Image Text:Jorge 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 $1,800,000 Selling expenses-variable $70,000 Direct materials 430.000 Selling expenses-fixed 65,000 Direct labor 360.000 Administrative expenses-variable 20,000 Manufacturing overhead-variable 380,000 Administrative expenses-fixed 60,000 Manufacturing overhead-fixed 280,000 Total Per Unit Percent of Sales Sales 1,800,000 0.50 Variable Expenses Cost of Goods Sold 2$ 1170000 i Selling Expenses 70,000 i Administrative Expenses 20,000 i Total Variable Expenses 1,260,000 i 70 i % Contribution Margin 540000 $ Fixed Expenses Manufacturing Overhead v 280000 i Selling Expenses 65000 i Administrative Expenses 60000 i Total Fixed Expenses 405000 i Net Income/(Loss) 24 135000
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