and costs. PIO- Prepare a CVP income statemebe. commute break-ever poin.contribution. marsi ratio, marmor safety ratio and sales for farget.net income Jorge 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 2017, management estimates the following revenues Sales $1,800,000 Selling expenses - variable Direct materials 430,000 Selling expenses - fixed Direct labor 360,000 Administrative expenses - variabic Manufacturing overhead- variable 380,000 Administrative expenses - fixed Manufacturing overhead -fixed 280,000 70,000 65,000 20,000 60,000 Instructions (b) Prepare a CVP income statement for 2017 based on management estimates. (show column for total amounts only) Compute the break-even point in (1) units and (2) dollars. (c) Compute the contribution margin ratio and the margin of safety ratio. (Round to the nearest full percent.) Determine the sales dollars required to carn net income of $180,000. NOTE :: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". (d)