Pharoah 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 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,850,000 490,000 330,000 350,000 220,000 Selling expenses-variable Selling expenses --fixed Administrative expenses -variable Administrative expenses-fixed $102,000 57.000 23,000 111,500 Prepare a CVP income statement for 2020 based on management's estimates. PHAROAH COMPANY CVP Income Statement (Estimated) > Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, c.9. 0.251.) Variable cost per bottle $ Compute the break-even point in (1) units and (2) dollars. (Round answers to decimal places, eg. 1,225.) Compute the break-even point units (2) Compute the break-even point $ 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 decimal places, es. 25%) % Contribution margin ratio Margin of safety ratio 36 Determine the sales dollars required to earn net income of $180,000. (Round answer to decimal places, eg. 1,225.) Required sales dollars