Problem 11-2 Grouper Company bottles and distributes 5-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retalers, who charge customers 90 cents per bottle. For the year 2017, management estimates the following revenues and costs Sellng expenses-variables Sales $2,220,000 $60,000 Direct materials Selling expenses-fxed 470,000 50,000 Direct labor 300,000 Administrative expenses-variable 62.000 Manufacturing overhead-variables Manufacturing overhead-fixed 440,000 Administrative expenses-foed s0,000 579,200 Prepare a CVP income statement for 2017 based on management's estimates GROUPER COMPANY CVP Income Statement (Estimated) verson 424.3 Compute the break even point in (1) units and (2) dollars units (1) Compute the break even point (2) Compute the break-even point VIDEO SMILAR PROBLEM VIDEO SIMEAR PROBLEM UNE TO TX LINK TO TEXE LINK TO TEK 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 0 decimal places, eg. 25%.) Contribution margin ratio Margin of safety ration VIDEO SIMIAR PROBLEM UNK TO TEX LINK TO TEXT LINK TO TEXT Determine the sales dollars required to earn net income of $82.800 Required sales dollars