Current Attempt in Progress 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 Direct materials Direct labor Manufacturing overhead--variable Manufacturing overhead-fixed $2,000,000 520,000 390,000 410,000 300,000 Selling expenses--variable Selling expenses --fixed Administrative expenses--variable Administrative expenses-fixed $55,000 52,000 25,000 128,000 Prepare a CVP income statement for 2020 based on management's estimates. CRANE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $ $ e Textbook and Media Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle $ e Textbook and Media Compute the break-even point in (1) units and (2) dollars. (Round answers to 0 decimal places, e.g. 1,225.) (1) units Compute the break-even point Compute the break-even point (2) $ e Textbook and Media Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, e.3.0.25 and final answers to 0 decimal places, 6.8. 25%.) % Contribution margin ratio Margin of safety ratio % e Textbook and Media Determine the sales dollars required to earn net income of $180,000. (Round answer to 0 decimal places, e.g. 1,225.) Required sales dollars $ e Textbook and Media