Homework Answers
Jorge Company
CVP Income Statement
| Particulars | Total | Unit | |
| Sales (32,80,00 Units) | $ 1,640,000.00 | $ 0.50 | |
| Less : | Variable Costs | ||
| Direct Material | $ 420,000.00 | $ 0.1280 | |
| Direct Labour | $ 350,000.00 | $ 0.1067 | |
| Manufactufing OH | $ 380,000.00 | $ 0.1159 | |
| Selling Expenses | $ 50,000.00 | $ 0.0152 | |
| Administrative Expenses | $ 30,000.00 | $ 0.0091 | |
| Contribution Margin | $ 410,000.00 | $ 0.1250 | |
| Fixed Expenses | |||
| Manufacturing Expenses | $ 208,250.00 | ||
| Selling Expenses | $ 70,000.00 | ||
| Administrative Expenses | $ 48,000.00 | ||
| Total Fixed Expenses | $ 326,250.00 | ||
| Net Income | $ 83,750.00 | ||
| Variable Cost per bottle | $ 0.1250 | ||
| Break Even Point | |||
| Units | 2,610,000 | ||
| In Revenue $ | $ 1,305,000 | ||
| Contribution Margin Ratio | 25.00% | ||
| Margin of Safety Ratio | 20% | ||
| Sales Required to earn Income of $ 150000 | |||
| Fixed Costs | $ 326,250.00 | ||
| Add : | Desired Income | $ 150,000.00 | |
| Required Contribution | $ 476,250.00 | ||
| Contribution Margin | 25% | ||
| Required Sales to earn income of $150000 | $ 1,905,000 | ||
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Problem 19-2A Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold...
Problem 19-2A Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold...
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...
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 50...
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...
Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50...
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...
Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60...
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...
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...
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. 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 $70,000 65,000 20,000 60,000 Prepare a CVP income statement for 2017 based on management's estimates. JORGE...
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...
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 $...
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...
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 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...
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...
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...
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. 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 $70,000 65,000 20,000 60,000 Prepare a CVP income statement for 2017 based on management's estimates. JORGE...
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...
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 $...
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...
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