0.9 Hawkins Company bottles and distributes Smooth, a fruit drink. The beverage is sold for 50 cents per 16- ounce bottle to retailers, who charge customers 70 cents per bottle. For the year 2014, management estimates the following revenues and costs. Net sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $2,000,000 290,000 70,000 220,000 280,000 80,000 150,000 40,000 70,000 Questions: (a) Prepare a CVP income statement for 2014 based on management's estimates. (b) Compute the break-even point in (1) units and (2) dollars. (c) Compute the contribution margin ratio and the margin of safety ratio. (d) Determine the sales dollars required to earn net income of $450,000