Utech company bottles and distributes livit a diet soft, Ask an Expert

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Utech 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 75 cents per bottle. For the year 2008, management estimates the following revenues and costs.

Net sales $1,800,000
Direct materials 430,000
Direct labor 352,000
Manufacturing overhead - variable 316,000
Manufacturing overhead - fixed 283,000
Selling expenses - variables 70,000
Selling expenses - fixed 65,000
Administrative expenses - variables 20,000
Administrative expenses - fixed 60,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9973663

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