Problem 5-3A (Video) Cullumber Company bottles and distributes 3-Lite, a diet soft drink. The beverage is sold for 60 cents per 16 ounce bottle to readers, who are customers per the year 2011 estimates the following revenues and costs. Sales $1,800,000 Selling expenses variable $105,000 Direct materials 510,000 Seting expenses 62,000 Direct labor 390,000 Administrative expenses variable 25,000 Manufacturing overhead-variable 410,000 Administrative expenses-fixed Manufacturing overhead-fixed 130,000 Prepare a CVP income statement for 2020 based on management's estimates. CULLUMBER COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $ $ > Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, c.g. 0.251.) Variable cost per bottle $ Compute the break-even point in (1) units and (2) dollars. (Round answers to decimal places 1.225.) (1) Compute the break even point (2) Compute the break even point units $ Compute the contribution margin ratio and the margin of safety ratio (Mound variable cost per bottle to decimal places Contribution margin ratio Margin of safety ratio % Determine the sales dollars required to earn net income of $170,000. (Round answer to decimal places. 1225) Required sales dollars $ Click if you would like to show Work for this question: Open Show Work