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Mills Manufacturing Inc. had sales for January 2020 of $900,000. The units sold were 18,000, and...
Mills Manufacturing Inc. had sales for January 2020 of $1,025,000. The units sold were 20,500, and...
Mills Manufacturing Inc. had sales for January 2020 of $1,025,000. The units sold were 20,500, and the expenses for January 2020 were as follows: Cost of goods sold$205,000 $131,200 61,500 31,775 Administrative expenses 28,700 34,850 Seling expenses Prepare a detailed CVP income statement for the month ended January 31, 2020. (Round per unit cost to 2 decimal places, e.g. 15.25.) Mills CVP I Per unit
Mills Manufacturing Inc. had sales for January 2020 of $900,000. The units sold were 18,000, and...
Mills Manufacturing Inc. had sales for January 2020 of $900,000. The units sold were 18,000, and the expenses for January 2020 were as follows: Variable Fixed Cost of goods sold $181,800 $115,200 Selling expenses 53,100 27,900 Administrative expenses 25,200 29,700 Please find contribution margin per unit and contribution margin ratio.
Question 1 Poloskie Manufacturing Inc. has provided you with the following CVP income statement. $973,000 Sales...
Question 1 Poloskie Manufacturing Inc. has provided you with the following CVP income statement. $973,000 Sales (1,390 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed costs: Cost of goods sold Selling expenses Administrative expenses Operating income 435,070 77,840 61,160 398,930 147,340 51,430 29,190 $170,970 Calculate the contribution margin ratio. (Round answer to 2 decimal places, eg, 15.25%.) Contribution margin ratio LINK TO TEXT Calculate the break-even point in sales dollars and number of units....
Ivanhoe Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50...
Ivanhoe 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-variable Manufacturing overhead-fixed $1,950,000 Selling expenses-variable 470.000 Selling expenses-fixed 340,000 Administrative expenses-variable 360,000 Administrative expenses-fixed 230,000 $171,000 59.000 24,000 120,500 IVANHOE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $...
POlicies Current Attempt in Progress Ivanhoe Company bottles and distributes B-Lite, a diet soft drink. The...
POlicies Current Attempt in Progress Ivanhoe 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 $1,950,000 470,000 340,000 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $ 171,000 59,000 24,000 120,500 360,000 230,000 Prepare a CVP income statement for 2020 based...
Sheridan Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50...
Sheridan 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 $212,000 Direct materials $2,000,000 Selling expenses- variable 480,000 Selling expenses- fixed 330,000 Administrative expenses-variable 50,000 Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed 28,000 90,000 350,000 Administrative expenses-fixed 280,000 Prepare a CVP income statement for 2020 based on management's estimates. SHERIDAN...
Wildhorse Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50...
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 $1,750,000 Selling expenses--variable $100,000 Direct materials 450,000 Selling expenses-fixed 54,000 Direct labor 400,000 Administrative expenses-variable 22,000 Manufacturing overhead-variable 420,000 Administrative expenses-fixed 71,000 Manufacturing overhead-fixed 120,000 Prepare a CVP income statement for 2020 based on management's estimates. WILDHORSE COMPANY CVP...
Question 1 of 1 -/1 E Sales Sheridan Company bottles and distributes B-Lite, a diet soft...
Question 1 of 1 -/1 E Sales Sheridan 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 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. $1,980,000 Selling expenses-variable $79,000 Direct materials 500,000 Selling expenses-fixed 56,000 Direct labor 380,000 Administrative expenses-variable 27,000 Manufacturing overhead-variable 400,000 Administrative expenses-fixed 179,500 Manufacturing overhead-fixed 210,000 Prepare a CVP income statement for 2020 based...
Pharoah Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60...
Pharoah 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 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales $1,800,000 Selling expenses-variable Direct materials $93,000 65,000 27,000 Direct labor 410,000 400,000 420,000 150,000 Selling expenses-fixed Administrative expenses--variable Administrative expenses---fixed 55,000 Manufacturing overhead-variable Manufacturing overhead-fixed 150,000 Prepare a CVP income statement for 2020 based on management's estimates. PHAROAH COMPANY...
Crane Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50...
Crane 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 $1,550,000 Selling expenses-variable $72,000 Direct materials 440,000 Selling expenses-fixed 53,000 Direct labor 340,000 Administrative expenses-variable 28,000 Manufacturing overhead-variable 360,000 Administrative expenses-fixed 48,500 Manufacturing overhead-fixed 100,000 Prepare a CVP income statement for 2020 based on management's estimates. CRANE COMPANY CVP...
Mills Manufacturing Inc. had sales for January 2020 of $1,025,000. The units sold were 20,500, and the expenses for January 2020 were as follows: Cost of goods sold$205,000 $131,200 61,500 31,775 Administrative expenses 28,700 34,850 Seling expenses Prepare a detailed CVP income statement for the month ended January 31, 2020. (Round per unit cost to 2 decimal places, e.g. 15.25.) Mills CVP I Per unit
Question 1 Poloskie Manufacturing Inc. has provided you with the following CVP income statement. $973,000 Sales (1,390 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed costs: Cost of goods sold Selling expenses Administrative expenses Operating income 435,070 77,840 61,160 398,930 147,340 51,430 29,190 $170,970 Calculate the contribution margin ratio. (Round answer to 2 decimal places, eg, 15.25%.) Contribution margin ratio LINK TO TEXT Calculate the break-even point in sales dollars and number of units....
Ivanhoe 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-variable Manufacturing overhead-fixed $1,950,000 Selling expenses-variable 470.000 Selling expenses-fixed 340,000 Administrative expenses-variable 360,000 Administrative expenses-fixed 230,000 $171,000 59.000 24,000 120,500 IVANHOE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $...
POlicies Current Attempt in Progress Ivanhoe 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 $1,950,000 470,000 340,000 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $ 171,000 59,000 24,000 120,500 360,000 230,000 Prepare a CVP income statement for 2020 based...
Sheridan 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 $212,000 Direct materials $2,000,000 Selling expenses- variable 480,000 Selling expenses- fixed 330,000 Administrative expenses-variable 50,000 Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed 28,000 90,000 350,000 Administrative expenses-fixed 280,000 Prepare a CVP income statement for 2020 based on management's estimates. SHERIDAN...
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 $1,750,000 Selling expenses--variable $100,000 Direct materials 450,000 Selling expenses-fixed 54,000 Direct labor 400,000 Administrative expenses-variable 22,000 Manufacturing overhead-variable 420,000 Administrative expenses-fixed 71,000 Manufacturing overhead-fixed 120,000 Prepare a CVP income statement for 2020 based on management's estimates. WILDHORSE COMPANY CVP...
Question 1 of 1 -/1 E Sales Sheridan 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 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. $1,980,000 Selling expenses-variable $79,000 Direct materials 500,000 Selling expenses-fixed 56,000 Direct labor 380,000 Administrative expenses-variable 27,000 Manufacturing overhead-variable 400,000 Administrative expenses-fixed 179,500 Manufacturing overhead-fixed 210,000 Prepare a CVP income statement for 2020 based...
Pharoah 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 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales $1,800,000 Selling expenses-variable Direct materials $93,000 65,000 27,000 Direct labor 410,000 400,000 420,000 150,000 Selling expenses-fixed Administrative expenses--variable Administrative expenses---fixed 55,000 Manufacturing overhead-variable Manufacturing overhead-fixed 150,000 Prepare a CVP income statement for 2020 based on management's estimates. PHAROAH COMPANY...
Crane 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 $1,550,000 Selling expenses-variable $72,000 Direct materials 440,000 Selling expenses-fixed 53,000 Direct labor 340,000 Administrative expenses-variable 28,000 Manufacturing overhead-variable 360,000 Administrative expenses-fixed 48,500 Manufacturing overhead-fixed 100,000 Prepare a CVP income statement for 2020 based on management's estimates. CRANE COMPANY CVP...
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