Question 2 of 2 - /6 View Policies Current Attempt in Progress Blossom 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. $111.000 54,000 Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead--fixed $1,850,000 460,000 340,000 360,000 260,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed 24,000 102.250 Prepare a CVP income statement for 2020 based on management's estimates BLOSSOM COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $ E tv 25 U11 Question 2 of 2 BLOSSOM COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $ V $ y W ty 25 Question 2 of 2 Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, eg, 0.251.) Variable cost per bottle $ eTextbook 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 w tv 25 A Question 2 of 2 - /6 s 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, e.g. 25%.) Contribution margin ratio % % Margin of safety ratio e Textbook and Media Determine the sales dollars required to earn net income of $150,000. (Round answer to decimal places, eg. 1,225.) $ Required sales dollars e Textbook and Media tv 25