*Problem 11-2 Grouper Company bottles and distributes B-ute, a diet or drink. The beverage is sold for 60 cents per 16-ource or following revenues and costs. to retailers, who charge customers 90 cents per bottle for the year 2017, management estimates the $60,000 50.000 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overheaded $2,220,000 470,000 300,000 440,000 579.200 Selling expenses-variable Seling expenses Administrative expenses variable Administrative expenses-feed 2.000 50,000 Prepare a CVP income statement for 2017 based on management's estimates. CVP Income Statement (Estimated) Compute the break even point in (1) units and (2) dollar (1) Compute the break-even point (2) Compute the break-even point Compute the contribution margin ratio and the margin of safety ratio. (Round variable decimal places, 259) Contribution margin ratio Margin of safety ratio Determine the sales dollars required to earn net Required sales dolass Question Attempts of 4L