CALCULATOR Problem 5-3A (Video) Carla Vista Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs Sales $1,980,000 Selling expenses-variable $110,000 Direct materials 430,000 Selling expenses-fixed 62,000 Direct labor 400,000 Administrative expenses-variable 26,000 Manufacturing overhead-variable 420,000 Administrative expenses-fixed 133,200 Manufacturing overhead-fixed 280,000 Prepare a CVP Income statement for 2020 based on management's estimates. CARLA VISTA COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Prepare a CVP Income statement for 2020 based on management's estimates. CALCULATOR CARLA VISTA COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 CALCULATOR Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle Compute the break-even point in (1) units and (2) dollars. (Round answers to o 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 3 decimal places, 0.9.0.25 and final answers to o de e.g. 2596.) CALCULATOR Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places,.. 0.251.) 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 (2) Compute the break even point units Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, e.g. 0.25 and final answers to o decimal places e.g. 259.) Contribution margin ratio Margin of safety ratio Determine the sales dollars required to earn net income of $180,000. (Round answer to o decimal places, e.. 1.225.) Required sales dollars $ CALCULATOR Compute the break-even point in (1) units and (2) dollars. (Round answers to o 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 3 decimal places, 6.9. 0.25 and final answers to decimal places e.g. 25%.) Contribution margin ratio Margin of safety ratio Determine the sales dollars required to earn net income of $180,000. (Round answer to o decimal places, e.g. 1,225.) Required sales dollars Click if you would like to show Work for this question: Con Show Work