Ivanhoe Company has the following information available for September 2020. Unit selling price of video game consoles Unit variable costs Total fixed costs Units sold $540 $378 $68,040 600 Compute the unit contribution margin. Unit contribution margin 162 e Textbook and Media Prepare a CVP income statement that shows both total and per unit amounts. IVANHOE COMPANY CVP Income Statement For the Month Ended September 30, 2020 Total Per Unit Sales $ Variable Costs Contribution Margin $ Fixed Costs Net Income/(Loss) $ e Textbook and Media Compute Ivanhoe break-even point in units. Break-even point in units units e Textbook and Media Prepare a CVP income statement for the break-even point that shows both total and unit amounts. IVANHOE COMPANY CVP Income Statement For the Month Ended September 30, 2020 Total Per Unit $ Cullumber Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 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 $1,800,000 510,000 390,000 410,000 130,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $105,000 62,000 25,000 96,000 Prepare a CVP income statement for 2020 based on management's estimates. CULLUMBER 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, eg. 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.) 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, e.g. 0.25 and final answers to decimal places, e.g. 25%.) Contribution margin ratio Margin of safety ratio 96