Question

W T ECTU VW De Car o m the IPUILLIEU VILL can connues. Uns you need to call its SCF 187 - I X fc A A B C D 1 P5-2A Prepare a CVP Income statement compute break-even point contribution margin ratio, margin of safety ratio 2 and sales for target net income 3 Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle 4 to retailers, who charge customers 75 cents per bottle. For the year 2017, management estimates the following revenues 5 and costs Sales $1,800,000 Seling expenses - variable $70,000 Direct materials 430,000 Seling expenses - fxed 65,000 Direct labor 360,000 Administrative expenses - variable 20,000 Manufacturing overhead-variable 380,000 Administrative expenses - fixed 60,000 Manufacturing overhead -fixed 280,000 10 12 Instructions 13(a) Prepare a CVP income statement for 2017 based on management estimates. (show column for total amounts only.) 14 (6) Compute the break-even point in (1) units and (2) dollars. 15 (c) Compute the contribution margin ratio and the margin of safety ratio. (Round to the nearest full percent.) 16 (d) Determine the sales dollars required to earn net income of $180,000 17 NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". 21(a) Prepare a CVP Income statement for 2017 based on management estimates (show column for total amounts only) Value JORGE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2017 Sales Variable expenses Cost of goods sold Seling expenses Value Administrative expenses Value Total variable expenses 05-5 P52A CD-51

Answer 1

Answer:

First 4 questions are answered as per HOMEWORKLIB RULES

please link up the excel sheets as per below working to get the answers