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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

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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 80 cents per bottle. For the year 2014, management estimates the following revenues and costs. Prepare a CVP income statement for 2014 based on management's estimates. Compute the break-even point in units and dolars. The break-even point in units units The break-even point in dollars $ Compute the contribution margin ratio and the margin of safety ratio. (Round 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 $243,400. (Round answer to 0 decimal places, e.g. 1,750.) Required sales $

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