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27/08/2022
Utech Company bottles and distributes Livit, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 77 cents per bottle. For the year 2010, management estimates the following revenues and costs. AP22-2A Utech Company bottles and distributes Livit, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 77 cents per bottle. For the year 2010, management estimates the following revenues and costs. Selling expenses-variable $74,800 Selling expenses-fixed 64,830 Administrative expenses-variable 17,710 Administrative expenses-fixed 10,260 Incorrect. Complete the CVP income statement for 2010 based on management’s estimates. (List amounts from largest to smallest eg 10, 5, 3, 2.)UTECH COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2010$ 1,803,150 Direct materialsNet salesSelling expensesAdministrative expensesCost of goods soldDirect laborManufacturing overhead 17,710 Administrative expenses $ Incorrect. Compute the break-even point in (1) units and (2) dollars. (Round calculation for percentage of sale to 0 decimal places, e.g. 125. Round price per bottle and other intermediate calculations to 4 decimal places, e.g. 10.2520. Round final answers to 0 decimal places, e.g. 125.)Breakeven point in units units Breakeven point in dollars $ Incorrect. Compute the contribution margin ratio and the margin of safety ratio. (Round answers to 0 decimal places, e.g. 125.) Contribution margin ratio % Margin of safety ratio % Incorrect. Determine the sales dollars required to earn net income of $236,600. (Round answers to 0 decimal places, e.g. 125.) $ Show Work is REQUIRED for this question; access the WhiteBoard application by clicking this linkCopyright © 2000-2010 by John Wiley & Sons, Inc. or related companies. All rights reserved.
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