Oriole Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for...
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Accounting
Oriole Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs.
Sales
$2,040,000
Selling expensesvariable
$107,000
Direct materials
500,000
Selling expensesfixed
57,000
Direct labor
390,000
Administrative expensesvariable
21,000
Manufacturing overheadvariable
410,000
Administrative expensesfixed
162,000
Manufacturing overheadfixed
240,000
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