JS Support Cullumber 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. ations ach Sales $73,000 $1,650,000 Selling expenses-variable Dashboard 52.000 Direct materials 520,000 Selling expenses-fixed 27,000 Direct labor 340,000 Administrative expenses--variable 360,000 Administrative expenses-fixed Manufacturing overhead-variable 59,000 Manufacturing overhead-fixed 120,000 Your answer is partially correct. Prepare a CVP Income statement for 2020 based on management's estimates. CULLUMBER COMPANY CVP Income Statement (Estimated) Sales 1.650,000 Total Voble Expenses Cost of Goods Sold $ 1.220.000 Selling Expenses 73000 Administrative Expenses 27.000 1.320.000 Contribution 333.000 Your answer is correct. Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, eg. 0.251) Variable cost per bottle $ 0.40 e Textbook and Media X Your answer is incorrect. Compute the break-even point in (1) units and (2) dollars. (Round answers to decimal places, eg. 1,225.) (1) Compute the break-even point 1,810.000 units (2) Compute the break-even point $ 905.000 e Textbook and Media Your answer is partially correct 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 o decimal places, s. 25%.) Contribution margin ratio 20 %6 Margin of safety ratio 45 % * Your answer is incorrect. Determine the sales dollars required to earn net income of $230,000. (Round answer to decimal places, es. 1.225.) Required sales dollars $ 2.055.000 e Textbook and Media