| Crane Company | ||
| CVP Income Statement | ||
| Sales | 2000000 | |
| Variable Exp.: | ||
| Cost of goods sold | 1320000 | |
| Selling Exp. | 55000 | |
| Admin Exp. | 25000 | |
| Total Variable Exp. | 1400000 | |
| Fixed Exp.: | ||
| Cost of goods sold | 300000 | |
| Selling Exp. | 52000 | |
| Admin Exp. | 128000 | |
| Total Fixed Exp. | 480000 | |
| Net Income | 120000 |
| Variable Cost Per Bottle | |
| Sales | 2000000 |
| Variable Costs | 1400000 |
| Variable Costs in % of Sales | 70% |
| Sale price of 1 bottle in cents | 0.5 |
| Variable Cost of 1 bottle in cents | 0.35 |
| Break Even sales in Units | |
| (Fixed Cost / Contribution Per unit) | 3200000 |
| Fixed Cost | 480000 |
| Contribution per Unit | 0.15 |
| Break Even sales in Dollars | |
| Break Even sales in Units | 3200000 |
| Sale price of 1 bottle in cents | 0.5 |
| Break Even sales in Dollars | 1600000 |
| Contribution Margin Ratio | |
| (Contribution Per unit ) / Sale price per unit | |
| Contribution Margin Ratio | 30% |
| Sale price of 1 bottle in cents | 0.5 |
| Variable Cost of 1 bottle in cents | 0.35 |
| Contribution of 1 bottle in cents | 0.15 |
| Margin Safety Ratio | |
| (Actual Sales - BEP Sale) / Acutal sales | |
| Actual Sales | 2000000 |
| BEP Sales | 1600000 |
| Margin Safety Ratio | 20% |
| Required sales to get Target Profit of 180000 | |
| (Fixed cost + required income)/Contribution Margin Ratio | |
| Fixed Cost | 480000 |
| Required Income | 180000 |
| Contribution Margin Ratio | 30% |
| Required sales to get Target Profit of 180000 | 2200000 |
Current Attempt in Progress Crane Company bottles and distributes B-Lite, a diet soft drink. The beverage...
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...
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...
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...
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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 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $2,000,000 480,000 330,000 350,000 280,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $212,000 50,000 28,000 90,000 Prepare a CVP income statement for 2020 based on management's estimates....
Oriole 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 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $2,040,000 500,000 390,000 410,000 240,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $107,000 57,000 21,000 162,000 Your answer is correct. Calculate variable cost per bottle. (Round variable cost per bottle...
Carla Vista 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 $110,000 $1,980,000 430,000 Selling expenses-variable Selling expenses-fixed Direct materials 62,000 Direct labor 400,000 Administrative expenses-variable 26,000 Manufacturing overhead-variable 420,000 Administrative expenses-fixed 133,200 Manufacturing overhead-fixed 280,000 Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal...
Question 1 Cullumber 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. 1,800,000 Selling expenses-variable Sales Direct materials Direct labor 510,000 Selling expenses-f 390,000 Administrative expenses-variable 410,000 Administrative expenses-fixed 130,000 $105,000 62,000 25,000 96,000 Manufacturing overhead-fixed Prepare a CVP income statement for 2020 based on management's estimates CULLUMBER COMPANY CVP...
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...
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 $...