Hytek Company bottles and distributes Livit, a diet soft drink. The - 10415

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AP22-2A


 

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

 

 

 

 

 

 

 

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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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