Problem 18-3A a-d (Part Level Submission) (Video) Sunland 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 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. 1,920,000 Selling expenses-variable Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed 410,000 Selling expenses-fixed 370,000 Administrative expenses-variable 90,000 Administrative expenses-fixed 280,000 $147,000 52,000 27,000 42,400 Prepare a CVP income statement for 2020 based on management's estimates. SUNLAND COMPANY CVP Income Statement (Estimated) Sales 1,920,000 Variable Expenses 1,170,000 147,000 27,000 Cost of Goods Sold Selling Expense Administrative Expenses Total Variable Expenses 1,344,000 Contribution Margin 576,000 Fixed Expenses Selling Expenses 52,000 42,400 280,000 Administrative Expenses Cost of Goods Sold Cost of Goods Sold 280,000 Total Fixed Expenses 374,400 Net Income/(Loss) 201,600 Your answer is correct. Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle 0.42 Your answer is correct. 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 (2) Compute the break-even point 2,080,000 units 1,248,000 Compute the contribution margin ratio and the margin of safety ratio. Round variable cost per bottle to 3 decimal places, e.g. 0.25 and final answers to 0 decimal places, e.g. 25%. Contribution margin ratio Margin of safety ratio