PLEASE HELP PART D

Selling Expenses Administrative Expenses Total Variable Expenses Contribution Margin Fixed Expenses Cost of Goods Sold Selling Expenses Administrative Expenses Total Fixed Expenses Net Income/(Loss) Ivanhoe 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. (a) Prepare a CVP income statement for 2020 based on management's estimates. Your answer is 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 0 decimal places, e.g. 25\%.) Contribution margin ratio Margin of safety ratio % % eTextbook and Media Attempts: 2 of 4 used (d) Determine the sales dollars required to earn net income of $240,000. (Round answer to 0 decimal places, eg. 1,225.) Required sales dollars $ Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle $ eTextbook and Media Solution (b2) Your answer is correct. Compute the break-even point in (1) units and (2) dollars. (Round answers to 0 decimal places, e.g. 1,225.) (1) Compute the break-even point units (2) Compute the break-even point \$