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Oriole Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 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. Prepare a CVP income statement for 2020 based on management's estimates. 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 \begin{tabular}{|l|} \hline Solution \\ \hline X Your answer is incorrect. \\ \hline \end{tabular} Compute the break-even point in (1) units and (2) dollars. (Round answers to o decinal places, e. 3.. 225.) (1) 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 cast per bottle to 3 decimal places, e.g. 0.25 and final answers to 0 decimal places, e.3. 25\%.) Contribution margin ratio \% Margin of safety ratio 96 eTextbook and Media Solution Determine the sales dollars required to earn net income of $250,000. (Round answer to 0 decimal places, e.s. 1,225 ) Required sales dollars $