Please correct the wrong answers.

Problem 5-3A (Video) Blossom 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 $1,500,000 Selling expenses,variable $90,000 Direct materials 410,000 Selling expenses-fixed 50,000 Direct labor 330,000 Administrative expenses-variable 20,000 Manufacturing overhead-variable 350,000 Administrative expenses-fixed 40,000 Manufacturing overhead-fixed 150,000 Your answer is correct. Prepare a CVP income statement for 2020 based on management's estimates. BLOSSOM COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Sales 1500000 Variable Expenses Cost of Goods Sold 1090000 $ Selling Expenses 90000 Administrative Expenses 20000 Total Variable Expenses 1200000 T- Contribution Margin 300000 Fixed Expenses Cost of Goods Sold V 150000 V Selling Expenses 50000 Administrative Expenses 40000 Total Fixed Expenses 240000 1 Net Income/(Loss) 60000 V $ X Your answer is incorrect. Try again. Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle 0.125 SHOW SOLUTION X Your answer is incorrect. Try again. Compute the break-even point in (1) units and (2) dollars. (Round answers to o decimal places, e.g. 1,225.) (1) Compute the break-even point 1,920,000 units (2) Compute the break-even point 960,000 SHOW SOLUTION x Your answer is incorrect. Try again. 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 0 decimal places, e.g. 25%.) Contribution margin ratio 25 % Margin of safety ratio 36% SHOW SOLUTION X Your answer is incorrect. Try again. Determine the sales dollars required to earn net income of $150,000. (Round answer to o decimal places, e.g. 1,225.) Required sales dollars 1,560,000