Wildhorse Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead- Manufacturing overhead- variable (2) fixed $1,750,000 450,000 400,000 420,000 120,000 Selling expenses-variable Selling expenses-fixed Administrative expenses- % variable % Administrative expenses- Compute the break-even point in (1) units and (2) dollars. (Round answers to 0 decimal places, e.g. 1,225.) (1) Compute the break-even point units Compute the break-even point $ fixed $108,000 54,000 22,000 71,000 Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 2 decimal places, e.g. 0.25 and final answers to 0 decimal places, e.g. 25%.) Contribution margin ratio Margin of safety ratio. Determine the sales dollars required to earn net income of $240,852. (Round answer to 0 decimal places, e.g. 1,225.) Required sales dollars. $

Wildhorse Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead- Manufacturing overhead- variable (2) fixed $1,750,000 450,000 400,000 420,000 120,000 Selling expenses-variable Selling expenses-fixed Administrative expenses- % variable % Administrative expenses- Compute the break-even point in (1) units and (2) dollars. (Round answers to 0 decimal places, e.g. 1,225.) (1) Compute the break-even point units Compute the break-even point $ fixed $108,000 54,000 22,000 71,000 Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 2 decimal places, e.g. 0.25 and final answers to 0 decimal places, e.g. 25%.) Contribution margin ratio Margin of safety ratio. Determine the sales dollars required to earn net income of $240,852. (Round answer to 0 decimal places, e.g. 1,225.) Required sales dollars. $

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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