Problem 11-2 Jorge 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. $1,800,000 $70,000 Sales Selling expenses-variable Direct materials 430,000 Selling expenses-fixed 65,000 Direct labor Administrative expenses-variable 360,000 20,000 Manufacturing overhead-variable 380,000 Administrative expenses-fixed 60,000 Manufacturing overhead-fixed 280,000 Your answer is partially correct. Try again. Prepare a CVP income statement for 2017 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated) December 31, 2017 180000 Sales Variable Expenses 430000 360000 380000 Selling Expenses 70000 Administrative Expenses 20000 Contribution Margin Total Fixed Expenses 540000 280000 65000 Selling Expenses Administrative Expenses 60000 135000 xYour answer is incorrect. Try again Compute the break-even point in (1) units and (2) dollars. (1) Compute the break-even point units (2) Compute the break-even point LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM VIDEO: SIMILAR PROBLEM Your answer is correct. 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, e.g. 25%.) Contribution margin ratio 30 % Margin of safety ratio 25 % SHOW SOLUTION SHOW ANSWER LINK TO XT LINK XT LINK T VIDEO: SIMILAR PROBLEM X Your answer is incorrect. Try again. Determine the sales dollars required to earn net income of $180,000. 39000d Required sales dollars LINK TO TEXT LINK TO TEXT LINK XT