CALCOLATOS Problem 5-3A (Video) Ivanhoe Company bottles and distributes D-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to readers, who charge customers 75 cents per bottle for the year 2020, management estimates the following revenues and costs. Sales $1,650,000 Selling expenses variable $76,500 Direct materials 460,000 telling expenses-fied 51,000 Direct labor 330,000 Administrative expenses variable 21,000 Manufacturing overhead-variable 350,000 Administrative expenses-fixed 99,000 Manufacturing overhead-foed 180,000 Prepare a CVP income statement for 2020 based on management's estimates IVANHOE COMPANY Prepare a CVP income statement for 2020 based on management's estimates. IVANHOE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $ > > > Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, eg. 0.75 1.) CALCULATE Variable cost per bottle $ Compute the break-even point in (1) units and (2) dollars. (Round answers to decimal places, e.g. 1,225.) (1) Compute the break-even point units (2) Compute the break-even point Compute the contribution margin ratio and the margin of safety ratio (Round variable cost per bottle to decimal places. 0.25 and finales to decimales. 5.) Contribution margin ratio Margin of safety ratio Determine the sales dollars required to earn net income of $240,000. (Round answer to decimal places, ...225.) Required sales dollars Click if you would like to show Work for this question Open Show Work Question Attempt 3 and Windows