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Problem 18-2A_Jorge Company_Breakeven Analysis

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Question;Problem 18-2A;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 80 cents per bottle. For;the year 2014, management estimates the following revenues and costs.;Sales;$;1,807,900;Selling;expenses?variable;$;68,400;Direct materials;427,000;Selling expenses?fixed;67,400;Direct labor;355,600;Administrative;expenses?variable;48,293;Manufacturing;overhead?variable;312,000;Administrative;expenses?fixed;64,900;Manufacturing;overhead?fixed;292,600;Warning;Don't;show me this message again for the assignment;Ok;Cancel;Prepare a CVP income statement for 2014 based on;management?s estimates.;JORGE;COMPANY;CVP Income Statement (Estimated);For the Year Ending December 31, 2014;Administrative Expenses;Contribution Margin;Cost of Goods Sold;Fixed Expenses;Net Income/(Loss);Sales;Selling Expenses;Total Fixed Expenses;Total Variable Expenses;Variable Expenses;$;Administrative Expenses;Contribution Margin;Cost of Goods Sold;Fixed Expenses;Net Income/(Loss);Sales;Selling Expenses;Total Fixed Expenses;Total Variable Expenses;Variable Expenses;Administrative Expenses;Contribution Margin;Cost of Goods Sold;Fixed Expenses;Net Income/(Loss);Sales;Selling Expenses;Total Fixed Expenses;Total Variable Expenses;Variable Expenses;$;Administrative Expenses;Contribution Margin;Cost of Goods Sold;Fixed Expenses;Net Income/(Loss);Sales;Selling Expenses;Total Fixed Expenses;Total Variable Expenses;Variable Expenses;Administrative Expenses;Contribution Margin;Cost of Goods Sold;Fixed Expenses;Net Income/(Loss);Sales;Selling Expenses;Total Fixed Expenses;Total Variable Expenses;Variable Expenses;Administrative Expenses;Contribution Margin;Cost of Goods Sold;Fixed Expenses;Net Income/(Loss);Sales;Selling Expenses;Total Fixed Expenses;Total Variable Expenses;Variable Expenses;Administrative Expenses;Contribution Margin;Cost of Goods Sold;Fixed Expenses;Net Income/(Loss);Sales;Selling Expenses;Total Fixed Expenses;Total Variable Expenses;Variable Expenses;Administrative Expenses;Contribution Margin;Cost of Goods Sold;Fixed Expenses;Net Income/(Loss);Sales;Selling Expenses;Total Fixed Expenses;Total Variable Expenses;Variable Expenses;Administrative Expenses;Contribution Margin;Cost of Goods Sold;Fixed Expenses;Net Income/(Loss);Sales;Selling Expenses;Total Fixed Expenses;Total Variable Expenses;Variable Expenses;Administrative Expenses;Contribution Margin;Cost of Goods Sold;Fixed Expenses;Net Income/(Loss);Sales;Selling Expenses;Total Fixed Expenses;Total Variable Expenses;Variable Expenses;Administrative Expenses;Contribution Margin;Cost of Goods Sold;Fixed Expenses;Net Income/(Loss);Sales;Selling Expenses;Total Fixed Expenses;Total Variable Expenses;Variable Expenses;Administrative Expenses;Contribution Margin;Cost of Goods Sold;Fixed Expenses;Net Income/(Loss);Sales;Selling Expenses;Total Fixed Expenses;Total Variable Expenses;Variable Expenses;Administrative Expenses;Contribution Margin;Cost of Goods Sold;Fixed Expenses;Net Income/(Loss);Sales;Selling Expenses;Total Fixed Expenses;Total Variable Expenses;Variable Expenses;$;Warning;Don't;show me this message again for the assignment;Ok;Cancel;Show;Solution;Link;to Text;Link;to Video;Calculate variable cost per bottle.(Round variable cost per bottle to 2 decimal places, e.g.;0.25.);Variable cost per;bottle;$;Warning;Don't;show me this message again for the assignment;Ok;Cancel;Show;Solution;Link;to Text;Link;to Video;Compute the break-even point in (1) units and (2) dollars.(Round answers to 0 decimal places, e.g. 1,225.);(1);Compute the;break-even point;units;(2);Compute the;break-even point;$;Warning;Don't;show me this message again for the assignment;Ok;Cancel;Show;Solution;Link;to Text;Link;to Video;Compute the contribution margin ratio and the margin of;safety ratio.(Round answers to 0;decimal places, e.g. 25%.);Contribution margin;ratio;%;Margin of safety;ratio;%;Warning;Don't;show me this message again for the assignment;Ok;Cancel;Show;Solution;Link;to Text;Link;to Video;Determine the sales dollars required to earn net income of $;241,100.(Round answers to 0;decimal places, e.g. 1,225.);Required sales;dollars;$;Warning;Don't;show me this message again for the assignment;Ok;Cancel;Show;Solution;Link;to Text;Link;to Video;Click if you would like to Show Work for this question;Open;Show Work;Modify Show Work;By accessing this;Question Assistance, you will learn while you earn points based on the;Point Potential Policy set by your instructor.;Question Attempts: 0;of 3 used;Save;for later;Submit Answer

 

Paper#37268 | Written in 18-Jul-2015

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