Pharoah Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 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 Sales Variable Expenses v V $ $1,800,000 410,000 400,000 420.000 150,000 Selling Selling expenses-fixed expenses-variable Administrative expenses-variable Administrative expenses-fixed PHAROAH COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Total $ $93,000 65,000 27,000 55,000 Per Unit Percent of Sales BE %6
Pharoah Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 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 Sales Variable Expenses v V $ $1,800,000 410,000 400,000 420.000 150,000 Selling Selling expenses-fixed expenses-variable Administrative expenses-variable Administrative expenses-fixed PHAROAH COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Total $ $93,000 65,000 27,000 55,000 Per Unit Percent of Sales BE %6
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Pharoah Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 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
Sales
Variable Expenses
V
$
$1,800,000
Selling
Selling expenses-fixed
expenses-variable
150,000
410,000
400,000
Administrative expenses-variable
420.000 Administrative expenses-fixed
PHAROAH COMPANY
CVP Income Statement (Estimated)
For the Year Ending December 31, 2022
Total
$
$93,000
65,000
27,000
55,000
Per Unit
32
Percent of Sales
96
96
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