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 75 cents per bottle. For the year 2020, management estimates the following revenues and costs.

Sales$1,800,000Selling expensesvariable$70,000

Direct materials430,000Selling expensesfixed65,000

Direct labor360,000Administrative expensesvariable20,000

Manufacturing overheadvariable380,000Administrative expensesfixed60,000

Manufacturing overheadfixed280,000

orge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, ho 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 $1,800,000 430,000 360,000 380,000 280,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $70,000 65,000 20,000 60,000 (a) Your answer is correct. Prepare a CVP income statement for 2020 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated) $ 1.800.000 Sales Variable Expenses Your answer is correct. Prepare a CVP income statement for 2020 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated) LA 1,800,000 Sales Variable Expenses Cost of Goods Sold 1,170,000 i 70,000 Selling Expenses Administrative Expenses 20.000 i Total Variable Expenses 1.260,000 i Contribution Margin 540,000 Fixed Expenses Cost of Goods Sold 280,000 i Selling Expenses 65,000 i Administrative Expenses 60,000 i Total Fixed Expenses 405,000 i Administrative Expenses 60,000 Total Fixed Expenses 405,000 Net Income/(Loss) $ 135,000 Attempts: 2 of 15 used (51) Your answer is correct. Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle $ 35 Attempts: 2 of 15 used (62) Your answer is correct. (62) Your answer is correct. Compute the break-even point in (1) units and (2) dollars. (Round answers to 0 decimal places, eg. 1,225.) (1) 2,700,000 units Compute the break-even point Compute the break-even point (2) $ 1,350,000 Attempts: 3 of 15 used (c) Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, eg. 0.25 and final answers to O decimal places, e.g. 25%.) % Contribution margin ratio % Margin of safety ratio Attempts: 0 of 15 used Submit Answer Save for Later Last saved 1 day ago. Saved work will be auto-submitted on the due date