Crane Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,750,000 450,000 360,000 380,000 130,000 expenses-variable Selling Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $96,500 63,000 26,000 69,500

Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal ploces, es. 0.251 \). Compute the contribution margin ratio and the margin of safety ratio. Contribution margin ratio % Margin of safety ratio % Determine the sales dollars required to earn net income of $220,000. Crane Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16 -ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. Total Variable Expenses Contribution Margin Fixed Expenses Cost of Goods Sold Selling Expenses Administrative Expenses Total Fixed Expenses: Net Income/(Loss) Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, eg. 0.251.) Variable cost per bottle Compute the break-even point in (1) sales units and (2) sales dollars. (Round answers to 0 decimal places, e.g. 1,2 (1) Break-even point units (2) Break-even point Administrative Expenses Total Variable Expenses Contribution Margin Fixed Expenses: Cost of Goods Sold Selling Expenses Administrative Expenses Total Fixnd Expenses