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Culver 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 2017, management estimates the following revenues and costs Sales Direct materials Direct labor Manufacturing overhead-variable 350,000 Administrative expenses-fixed54,000 Manufacturing overhead-fixed 498,000 $1,840,000 Selling expenses-variable 440,000 Selling expenses-fixed $50,000 50,000 320,000 Administrative expenses-variable 36,000 Prepare a CVP income statement for 2017 based on management's estimates. CULVER COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2017 Sales 1,840,000 Variable Expenses Selling Expenses$ Administrative Expenses Cost of Goods Sold Total Variable Expenses Contribution Margin Fixed Expenses Cost of Goods Sold Selling Expenses Administrative Expenses Total Fixed Expenses Net Income/Loss) 50,000 36,000 498,000 50,000 54,000 602,000 X Your answer is incorrect. Compute the break-even point in (1) units and (2) dollars. (1) Compute the break-even point (2) Compute the break-even point $ units eTextbook and Media Solution X Your answer is incorrect. Compute the contribution margin ratio and the margin of safety ratio Contribution margin ratio Margin of safety ratio Round variable cost per bottle to 3 decimal places, eg 0.255 and final answers to 0 decimal places, eg. 25%. x Your answer is incorrect. Determine the sales dollars required to earn net income of $64,750 Required sales dollars $