Hytek 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 79 cents per bottle. For the year 2012, management estimates the following revenues and costs.
Complete the CVP income statement for 2012 based on management's estimates. (List amounts from largest to smallest e.g. 10, 5, 3, 2.)
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.)
Compute the contribution margin ratio and the margin of safety ratio. (Round answers to 0 decimal places, e.g. 125.)
Determine the sales dollars required to earn net income of $235,500. (Round answers to 0 decimal places, e.g. 125.)