Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for50cents per 16-ounce bottle to retailers, who charge customers79cents per bottle. For the year 2014, management estimates the following revenues and costs.

Prepare a CVP income statement for 2014 based on managements estimates.

JORGE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2014
Variable ExpensesCost of Goods SoldTotal Variable ExpensesAdministrative ExpensesContribution MarginTotal Fixed ExpensesFixed ExpensesNet Income / (Loss)Sales RevenueSelling Expenses	$
Contribution MarginSales RevenueTotal Variable ExpensesVariable ExpensesCost of Goods SoldSelling ExpensesAdministrative ExpensesFixed ExpensesNet Income / (Loss)Total Fixed Expenses
Total Fixed ExpensesTotal Variable ExpensesSelling ExpensesAdministrative ExpensesSales RevenueVariable ExpensesCost of Goods SoldContribution MarginFixed ExpensesNet Income / (Loss)	$
Cost of Goods SoldContribution MarginFixed ExpensesNet Income / (Loss)Total Variable ExpensesSales RevenueTotal Fixed ExpensesVariable ExpensesAdministrative ExpensesSelling Expenses
Fixed ExpensesCost of Goods SoldNet Income / (Loss)Administrative ExpensesVariable ExpensesSales RevenueSelling ExpensesContribution MarginTotal Fixed ExpensesTotal Variable Expenses
Fixed ExpensesAdministrative ExpensesContribution MarginSelling ExpensesNet Income / (Loss)Total Variable ExpensesCost of Goods SoldSales RevenueVariable ExpensesTotal Fixed Expenses
Administrative ExpensesCost of Goods SoldFixed ExpensesTotal Variable ExpensesVariable ExpensesContribution MarginTotal Fixed ExpensesNet Income / (Loss)Sales RevenueSelling Expenses
Selling ExpensesTotal Fixed ExpensesFixed ExpensesTotal Variable ExpensesCost of Goods SoldNet Income / (Loss)Contribution MarginSales RevenueAdministrative ExpensesVariable Expenses
Fixed ExpensesSales RevenueTotal Fixed ExpensesAdministrative ExpensesSelling ExpensesTotal Variable ExpensesCost of Goods SoldVariable ExpensesNet Income / (Loss)Contribution Margin
Variable ExpensesTotal Fixed ExpensesAdministrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesTotal Variable ExpensesNet Income / (Loss)Selling ExpensesSales Revenue
Contribution MarginVariable ExpensesAdministrative ExpensesTotal Variable ExpensesCost of Goods SoldFixed ExpensesNet Income / (Loss)Sales RevenueSelling ExpensesTotal Fixed Expenses
Total Variable ExpensesNet Income / (Loss)Administrative ExpensesCost of Goods SoldFixed ExpensesSales RevenueVariable ExpensesContribution MarginSelling ExpensesTotal Fixed Expenses
Variable ExpensesAdministrative ExpensesContribution MarginTotal Fixed ExpensesCost of Goods SoldFixed ExpensesNet Income / (Loss)Sales RevenueSelling ExpensesTotal Variable Expenses	$

Compute the break-even point in (1) units and (2) dollars.

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 $237,900.(Round answer to 0 decimal places, e.g. 1,750.)

Required sales

$

Sales	$1,797,700	Selling expensesvariable	$66,010
Direct materials	497,800	Selling expensesfixed	67,480
Direct labor	351,000	Administrative expensesvariable	24,420
Manufacturing overhead variable	319,160	Administrative expensesfixed	5,180
Manufacturing overheadfixed	286,740