Bellcamp's Juice's Inc. manufacturers and sellls apple and orange juice. Product line data for 2019-2021 are shown below. Apple Juice Gallons (in thousands) Price ($s/gallon) Variable Cost ($/gallon) Total Fixed Costs (thousands) Orange Juice Gallons (in thousands) Price ($s/gallon) Variable Cost ($/gallon) Total Fixed Costs (thousands) 2021 950 $2.87 $1.15 $675 2021 1625 $3.70 $1.93 $924 2020 900 $2.80 $1.09 $600 2020 1700 $3.75 $1.93 $983 2019 850 $2.71 $1.03 $590 2019 1775 $3.80 $1.92 $995

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 9EA: The cost data for Evencoat Paint for the year 2019 is as follows: Using the high-low method, express...
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(ii) What does the financial performance of the two product lines suggest about
their competitive position in their respective market segments?
Part B
(i) What was Bellcamp's total sales, cost of goods sold, gross profit, and gross profit
margin for 2019-2021?
Transcribed Image Text:(ii) What does the financial performance of the two product lines suggest about their competitive position in their respective market segments? Part B (i) What was Bellcamp's total sales, cost of goods sold, gross profit, and gross profit margin for 2019-2021?
Bellcamp's Juice's Inc. manufacturers and sellls apple and orange juice.
Product line data for 2019-2021 are shown below.
Apple Juice
Gallons (in thousands)
Price ($s/gallon)
Variable Cost ($/gallon)
Total Fixed Costs (thousands)
Orange Juice
Gallons (in thousands)
Price ($s/gallon)
Variable Cost ($/gallon)
Total Fixed Costs (thousands)
2021
950
$2.87
$1.15
$675
2021
1625
$3.70
$1.93
$924
2020
900
$2.80
$1.09
$600
2020
1700
$3.75
$1.93
$983
2019
850
$2.71
$1.03
$590
2019
1775
$3.80
$1.92
$995
Transcribed Image Text:Bellcamp's Juice's Inc. manufacturers and sellls apple and orange juice. Product line data for 2019-2021 are shown below. Apple Juice Gallons (in thousands) Price ($s/gallon) Variable Cost ($/gallon) Total Fixed Costs (thousands) Orange Juice Gallons (in thousands) Price ($s/gallon) Variable Cost ($/gallon) Total Fixed Costs (thousands) 2021 950 $2.87 $1.15 $675 2021 1625 $3.70 $1.93 $924 2020 900 $2.80 $1.09 $600 2020 1700 $3.75 $1.93 $983 2019 850 $2.71 $1.03 $590 2019 1775 $3.80 $1.92 $995
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OpenStax College