Problem 11-2 Blue Spruce 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 2017, management estimates the following revenues and costs. Sales $1,500,000 Selling expenses--variable $60.000 Direct materials 380,000 Selling expenses---fixed 50,000 Direct labor 310,000 Administrative expenses-variable 30,000 Manufacturing overhead-variable 300,000 Administrative expenses--fixed 50.000 Manufacturing overhead-fixed 444,000 CALCULATOR Compute the break-even point in (1) units and (2) dollars. FULL SCREEN PRINTER VERSI (1) Compute the break-even point units (2) Compute the break-even point 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. 0.255 and final answers to o places, ed. 259.) Contribution margin ratio 60% Margin of safety ratio Your answer is incorrect. Try again. Determine the sales dollars required to eam net income of $238,000. Required sales dollars 1303