Crane 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 2020, management estimates the following revenues and costs.

Sales		$2,000,000		Selling expensesvariable		$55,000
Direct materials		520,000		Selling expensesfixed		52,000
Direct labor		390,000		Administrative expensesvariable		25,000
Manufacturing overheadvariable		410,000		Administrative expensesfixed		128,000
Manufacturing overheadfixed		300,000

Prepare a CVP income statement for 2020 based on managements estimates. CULLUMBER COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020

Variable cost per bottle

$

Contribution margin ratio			%
Margin of safety ratio			%

Required sales dollars

$