Points 12 Submitting an external tool Attempts 0 Allowed Attempts 1 Avallable Mar 3 at 11:30am - Mar 8 at 11pm 5 days Kimmel, Accounting, 7e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Problem 18-03A Sheridan Company bottles and distributes B-ute, 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 $2,000,000 Selling experies--variable $212,000 Direct materials 480,000 Selling expenses-fixed 50,000 Direct labor 330,000 Administrative expenses --variable 28,000 Manufacturing overhead--variable 350,000 Administrative expenses-foxed 90,000 Manufacturing overhead-fixed 280,000 Prepare a CVP Income statement for 2020 based on management's estimates. SHERIDAN COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 1pm Points 12 Submitting an external tool Attempts 0 Allowed PLUS Kimmel, Accounting, 7e Help System Announcements Prepare a CVP income statement for 2020 based on management's estimates. OURCES RK l-az SHERIDAN COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 > > by Study > > > > 5 Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e. Accounting, 7e Helr System Announcements pm 5 days Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.). CALCULATOR PRINTER VERSION Variable cost per bottle Compute the break-even point in (1) units and (2) dollars. (Round answers to decimal places, s.9. 1,225.) (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 cost per bottle to 3 decimal places 0.25 and finalanewers to decimal places, e.g. 28.) Contribution margin ratio Margin of safety ratio Determine the sales dollars required to earn net income of $150,000. (Round answer to decimal places 1.225.) Required sales dollars Click if you would like to show Work for this questioni Qen Show Work SVE LATES SUBMIT ANSWER Question Attempts of I used