Problem 18-2A Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 90 cents per bottle. For the year 2017, management estimates the following revenues and costs. $2,220,000 Selling expenses--variable Sales $60,000 Direct materials 470,000 Sel ling expenses-fixed 50,000 300.000 Administrative expenses-variable A40.000 Direct labon 62.000 BADE ns Manufacturing overhead-variable Administrative expenses-fixed 50,000 Manufacturing overhead-fixed 579,200 Your answer is partially correct. Try again CVP income statement for 2017 based on management's estimates. Prepare CYP Income Statement (Estimated) For the Year Ending December 31, 2017 Sales 2,220,000 Variable Expenses 1,210,000 Cost of Goods Sold Selling Expenses 60,000 Administrative Expenses 62,000 Total Variable Expenses 1,332,000 Contribution Margin 888,000 Selling Expenses 50,000 Administrative Expenses 50.000 Contribution Margin 579,200 Total Fixed Expenses 679,200 208,800 Net Income/(Loss) LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: SIMILA PROBLEM Your answer is incorrect. Try again. 3 decimal places, e.g. 0.251.) Calculate variable cost per bottle. (Round variable cost per bottle Variable cost per bottle LINK TO TEXT LINK TO TEXT LTNK TO TEXT VIDEO: SIMILAR PROBLEM per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Calculate variable c Variable cost per bottle 1NK X LINK X LINK TEXT VIDEO: SIMILAR PROBLEM X Your answer is incorrect. Try again. Compute the break-even point in (1) units and (2) dollars. (Round answers to 0 decimal places, e.g. 1,225.) (1) Compute the break-even point units (2) Compute the break-even point TEXT LTNK TO TEXT LINK TO TEXT LINK VIDEO: SIMILAR PROBLEM Your answer is partially correct. Try again. Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, e.q. 0.25 and final answers to 0 decimal places, e.q. 25%.) Contribution margin ratio Margin of safety ratio