Question 13 of 13 -/1 View Policies Current Attempt in Progress Crane 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 2020, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,550.000 440.000 340.000 360.000 100,000 Selling expenses variable Selling expenses --fixed Administrative expenses-variable Administrative expenses-fixed $72,000 53,000 28,000 48,500 Prepare a CVP Income statement for 2020 based on management's estimates CRANE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Sales $ 1.550.000 Variable Expenses MacBook Air - / 1 ili Prepare a CVP income statement for 2020 based on management's estimates. CRANE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $ Sales 1.550,000 Variable Expenses Cost of Goods Sold $ Selling Expenses Administrative Expenses Total Variable Expenses Contribution Margin Fixed Expenses Cost of Goods Sold Selling Expenses MacBook Air ODG 55 Question 13 of 13 -/15 Selling Expenses Administrative Expenses Total Variable Expenses Contribution Margin v Fixed Expenses Cost of Goods Sold Selling Expenses Administrative Expenses Total Fixed Expenses V V Net Income/floss $ e Textbook and Media MacBook Air 18: Homework Question 13 of 13 -/1 Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, es. 0.251.) Variable cost per bottle $ e Textbook and Media Compute the break-even point in (1) units and (2) dollars. (Round answers to decimal places, eg 1.225) (1) units Compute the break-even point Compute the break-even point (2) $ e Textbook and Media MacBook Air Homework Question 13 of 13 - /1 Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, eg. 0.25 and final answers to decimal places, es. 25%.) %% Contribution margin ratio Margin of safety ratio % eTextbook and Media Determine the sales dollars required to earn net income of $180,000. (Round answer to decimal places, eg. 1.225.) Required sales dollars $ e Textbook and Media MacBook Air