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. Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,800,000 430,000 360,000 380,000 280,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $70,000 65,000 20,000 60,000 Prepare a CVP income statement for 2017 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated) LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Compute the break-even point in (1) units and (2) dollars. (1) Compute the break-even point units (2) Compute the break-even points VIDEU! SIPILAN PRUDLEM VIDEU! SIMILAN PRUDLEM 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 Margin of safety ratio LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Determine the sales dollars required to earn net income of $180,000. Required sales dollars $ LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Click if you would like to Show Work for this question: Open Show Work VIDEO: SIMILAR