income statement |
|
particular |
amount |
sale |
18,00,000 |
less: variable cost |
|
direct material |
4,30,000 |
direct labour |
3,60,000 |
manufacturing overhead |
3,80,000 |
selling expense |
70,000 |
administrative expense |
20,000 |
contribution margin |
5,40,000 |
less: fixed cost |
|
manufacturing overhead |
2,80,000 |
selling expense |
65,000 |
administrative expense |
60,000 |
net income |
1,35,000 |
= 405,000 / 0.15
= 27,00,000 bottles
= 13,50,000
Contribution margin per unit = 540,000 / 36,00,000
= 0.15
Contribution margin ratio = contribution margin / sale x 100
= 540,000 / 1,800,000 x 100
= 30%
Margin of safety ratio = actual sale – break even sale / actual sale x 100
= 18,00,000 – 13,50,000 / 18,00,000 x 100
= 25%
Required sale = fixed cost + targeted net income / contribution margin per unit
= 405,000 + 180,000 / 0.15
= $39,00,000
Problem 11-2 Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold...
Problem 11-2 Jorge 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 2017, management estimates the following revenues and costs. $1,800,000 $70,000 Sales Selling expenses-variable Direct materials 430,000 Selling expenses-fixed 65,000 Direct labor Administrative expenses-variable 360,000 20,000 Manufacturing overhead-variable 380,000 Administrative expenses-fixed 60,000 Manufacturing overhead-fixed 280,000 Your answer is partially correct. Try again. Prepare a CVP income statement...
Jorge 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 2017,
management estimates the following revenues and costs.
I feel like I was doing good on this problem and then I got
stuck
Problem 22-2A Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who...
Problem 19-2A Jorge 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 2017, management estimates the following revenues and costs. Sales $ 1,640,000 Selling expenses-variable $ 50,000 Direct materials 420,000 Selling expenses-fixed 70,000 Direct labor 350,000 Administrative expenses-variable 30,000 Manufacturing overhead-variable 380,000 Administrative expenses-fixed 48,000 Manufacturing overhead-fixed 208,250 Prepare a CVP income statement for 2017 based on management's...
Problem 19-2A Jorge 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 2017, management estimates the following revenues and costs. Sales $ 1,800,000 Selling expenses-variable 60,000 Direct materials 380,000 Selling expenses-fixed 50,000 Direct labor 310,000 Administrative expenses- variable 30,000 Manufacturing overhead- variable 300,000 Administrative expenses-fixed 50,000 Manufacturing overhead-fixed 444,000 Prepare a CVP income statement for 2017 based on...
Problem 19-2A Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 90 cents per bottle. For the year 2017, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $ 2,052,000 460,000 300,000 430,000 539,300 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $ 60,000 60,000 83,800 58,000 Prepare a CVP Income statement for 2017 based on management's...
Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 90 cents per bottle. For the year 2017, management estimates the following revenues and costs Sales $2,064,000 Selling expenses-variable $70,000 45,000 Direct materials 440,000 Selling expenses-fixed 300,000 Administrative expenses-variable Administrative expenses-fixed Direct labor 68,400 Manufacturing overhead-variable Manufacturing overhead-fixed 360,000 52,000 637,400 Your answer is partially correct. Try again Prepare a CVP income statement for 2017...
Problem 18-03A Jorge 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. $70,000 65,000 Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,800,000 430,000 360,000 380,000 280,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed 20,000 60,000 Prepare a CVP income statement for 2020 based on management's estimates. JORGE...
Jorge 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 78 cents per bottle. For the year
2014, management estimates the following revenues and costs.
Sales
$1,804,000
Selling expenses—variable
$69,800
Direct materials
428,000
Selling expenses—fixed
65,800
Direct labor
354,000
Administrative expenses—variable
64,920
Manufacturing overhead—variable
310,000
Administrative expenses—fixed
64,900
Manufacturing overhead—fixed
288,000
Prepare a CVP income statement for 2014 based on management’s
estimates.
$
Calculate variable...
4,5), AN 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 2020, management estimates the following revenues and costs. $1,800,000 Selling expenses-variable $70,000 Sales Direct materials Direct labor Manufacturing overhead- 65,000 20,000 60,000 30,000 Selling expenses-fixed 360,000 Administrative expenses- variable variable 380,000 Administrative expenses- Manufacturing overhead fixed fixed 280,000 Instructions a. Prepare a CVP income statement for 2020 based on management's estimates. (Show column...
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