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. $171,000 59,000 340,000 Administrative expenses-variable24,000 Administrative expenses-fixed120.500 Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,950,000 Selling expenses-variable 470,000 Selling expenses-fixed 360,000 Compute the contribution margin ratio the margin of safety ratio (Round variable cost per bottle to 3 decimal places,eg.0.25 and final answers to O decimal places, 4.25%) Contribution margin ratio Margin of safety ratio