QUESTION 2PART ATulip Enterprise bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 senper 16-ounce bottle to retailers. For the year 2022, management estimates the following revenuesand costs.RMRM1,800,000 | Selling expenses - variable430,000 Selling expenses - fixed360,000 | Administrative expenses - variable380,000 || Administrative expenses - fixedSales70,000Direct materials65,000Direct labor20,000Manufacturing overhead - variableManufacturing overhead - fixed60,000280,000Required:Prepare a Contribution Income Statement for year 2022 based on management's estimates. (Showcolumn for total amounts only.)

Contribution margin = Sales - Variable cost Net operating income = Contribution margin - Total fixed…

PART A Tulip Enterprise bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 sen per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. RM RM 1,800,000 | Selling expenses - variable 430,000 Selling expenses - fixed 360,000 Administrative expenses - variable 20,000 380,000 | Administrative expenses - fixed 280,000 Sales 70,000 Direct materials 65,000 Direct labor Manufacturing overhead - variable Manufacturing overhead - fixed 60,000 Required: Prepare a Contribution Income Statement for year 2022 based on management's estimates. (Show column for total amounts only.)

PART A Tulip Enterprise bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 sen per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. RM RM 1,800,000 | Selling expenses - variable 430,000 Selling expenses - fixed 360,000 Administrative expenses - variable 20,000 380,000 | Administrative expenses - fixed 280,000 Sales 70,000 Direct materials 65,000 Direct labor Manufacturing overhead - variable Manufacturing overhead - fixed 60,000 Required: Prepare a Contribution Income Statement for year 2022 based on management's estimates. (Show column for total amounts only.)

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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Subject:- accounting
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