Hytek Company bottles and distributes Livit, a diet soft drink. - 9524

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yousafbhutta

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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.

Net sales

$1,800,820

 

Selling expenses-variable

$66,690

Direct materials

468,648

 

Selling expenses-fixed

62,550

Direct labor

352,780

 

Administrative expenses-variable

16,100

Manufacturing overhead-variable

320,340

 

Administrative expenses-fixed

36,364

Manufacturing overhead-fixed

285,070

 

 

 

 

 

 
 
 

 

 
 
 

Your answer is correct.

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.)

 

 

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