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