Ivanhoe 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 $1,950,000 Selling expenses-variable 470.000 Selling expenses-fixed 340,000 Administrative expenses-variable 360,000 Administrative expenses-fixed 230,000 $171,000 59.000 24,000 120,500 IVANHOE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $ Calculate variable cost per bottle. (Round variable cost per bottle to 2 decimal places, e.g. 0.25.) Variable cost per bottle Compute the break-even point in (1) units and (2) dollars. (Round answers to O decimal places, e.g. 1,225.) Compute the break-even point units Compute the break-even point Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 2 decimal places, e.g. 0.25 and final answers to 0 decimal places, e.g. 25%.) Contribution margin ratio Margin of safety ratio Determine the sales dollars required to earn net income of $240,852. (Round answer to o decimal places, e.g. 1,225.) Required sales dollars