Sheridan Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for...
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Sheridan 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 75 cents per bottle. For the year 2020 , management estimates the following revenues and costs. Prepare a CVP income statement for 2020 based on management's estimates. Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, eg. 0.251. ) Variable cost per bottle $ eTextbook and Media Question Part Score 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 $ eTextbook and Media Question Part Score Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, eg. 0.25 and final answers to 0 decimal places, e.g. 25\%.) Contribution margin ratio % Margin of safety ratio % eTextbook and Media Question Part Score Determine the sales dollars required to earn net income of $150,000. (Round answer to 0 decimal places, e.g. 1,225.) Required sales dollars $
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