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Business, 24.02.2020 23:36 wanderer3653

Ivanhoe 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. Sales $1,650,000 Selling expenses—variable $76,500 Direct materials 460,000 Selling expenses—fixed 51,000 Direct labor 330,000 Administrative expenses—variable 21,000 Manufacturing overhead—variable 350,000 Administrative expenses—fixed 99,000 Manufacturing overhead—fixed 180,000 Prepare a CVP income statement for 2020 based on management’s estimates.

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Ivanhoe Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents...
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