Cullumber 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 $73,000 $1,650,000 Selling expenses-variable 520,000 Selling expenses-fixed Direct materials 52.000 Direct labor 340,000 Administrative expenses-variable 27,000 360,000 Administrative expenses-fixed 59,000 Manufacturing overhead-variable Manufacturing overhead-fwed 120,000 Prepare a CVP income statement for 2020 based on management's estimates CULLUMBER COMPANY CVP Income Statement (Estimated) Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle $ 0.50 eTextbook and Media Compute the break-even point in (1) units and (2) dollars. (Round answers to decimal places, eg. 1,225) (1) Compute the break-even point units (2) Compute the break-even point $ e Textbook and Media Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, s. 0.25 and final answers to o decimal places, s. 25%) Contribution margin ratio Margin of safety ratio 26 e Textbook and Media Determine the sales dollars required to earn net income of $230,000. (Round answer to decimal places, e.g. 1,225) Required sales dollars $ e Textbook and Media