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Prepare a CVP income statement and compute break-even point, contribution margin ratio, margin of safety ratio, and sales for target net income. Excel P18.3 (LO

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Prepare a CVP income statement and compute break-even point, contribution margin ratio, margin of safety ratio, and sales for target net income. Excel P18.3 (LO 3, 4, 5), AP Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16 ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. Instructions a. Prepare a CVP income statement for 2022 based on management's estimates. Include columns for per unit and percent of sales information. b. Compute the break-even point in (1) sales units and (2) sales dollars. b. (1) 2,700,000 units c. Compute the contribution margin ratio and the margin of safety ratio. (Round to nearest full percent.) c. CM ratio 30% d. Determine the sales dollars required to earn net income of $180,000

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