Eenatara Medak-2007, wwe xandehavaawa 222 772722 sotsasertavat netime Jorge 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 2022 management estimates the following revenues Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead -fixed $1,800,000 Selling expenses - variable 430,000 Selling expenses - fixed 360,000 Administrative expenses - variable 380,000 Administrative expenses - fixed 280,000 $70,000 65,000 20,000 60,000 Instructions (a) Prepare a CVP income statement for 2022 based on management estimates. (show column for total amounts only.) (b) Compute the break-even point in (1) units and (2) dollars. (c) Compute the contribution margin ratio and the margin of safety ratio. (Round to the nearest full percent.) (d) Determine the sales dollars required to earn net income of $180,000. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". (a) Prepare a CVP income statement for 2022 based on management estimates. (show column for total amounts only.) Value e JORGE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Sales Variable expenses ? Cost of goods sold Selling expenses Value Administrative expenses Value Total variable expenses Contribution margin Fixed expenses Cost of goods sold Value Selling expenses Value Administrative expenses Value Total fixed expenses Net income ? ? ? ? (b) Compute the break-even point in (1) units and (2) dollars. (b)(1) Break-even point in units Unit selling price Value Unit variable costs Value Unit contribution margin ? 00 Fixed costs Unit contribution margin Break-even point in units Value Value ? (b)(2) Break-even point in dollars Break-even point in units Unit selling price Break-even point in dollars Value Value ? (c) Compute the contribution margin ratio and the margin of safety ratio. (Round to the nearest full percent.) Value Value ? Contribution margin ratio Unit contribution margin Unit selling price Contribution margin ratio Margin of safety ratio Total sales Break-even sales Margin of safety (dollars) Total sales Margin of safety ratio Value Value Value Value Value 0 0 0 0 0 (d) Determine the sales dollars required to earn net income of $180,000. Sales dollars required to earn target income Fixed costs Value Target income Value Total fixed cost + target income Contribution margin ratio Sales dollars required ? 00000