Q: Almarai Company sells milk bottles for $0.50 a bottle to retailers. For the year 2024, the following data is management estimation of revenues and costs to produce 3,600,000 bottles: Sales $1,800,000 Direct materials 430,000 Sellingexpenses-variable Selling expenses-fixed 70,000 65,000 Direct labor 360,000 Manufacturing overhead- variable 380,000 Administrative expenses- variable 20,000 Administrative expenses- fixed 60,000 Manufacturing overhead- fixed 280,000 Requirements: (1.25 marks each) 1. Prepare a CVP income statement for 2024 based on management's estimates. 2. Compute the break-even point in (a) units and (b) dollars. 3. Compute the contribution margin ratio and the margin of safety ratio. (Round to nearest full percent.) 4. Determine the sales dollars required to earn net income of $180,000.