Question 5 of 7 2.92/25 View Policies Show Attemot History 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. Sales $1.950,000 Selling expenses-variable $67.000 Direct materials 550,000 Selling expenses fixed 61,000 Direct labor 350,000 Administrative expenses-variable 28,000 Manufacturing overhead-variable 370,000 Administrative expenses-fixed 59,250 Manufacturing overhead-fixed 260,000 (a) Your answer is partially correct, Question 5 of 7 2.92/25 eTextbook and Media Savo for Lator Attempts: 0 of 3 used Submit Answer Compute the contribution margin tatio and the margin of safety ratio. (Round verloble cost per bottle to 3 decimal places.es. 0.25 and final answers to decimal places, 25) Contribution margin ratio Margin of safety ratio e Textbook and Media Attempts: 0 of 3 used Sutimit Answer 18 Assignment Question 5 of 7 2.92/25 e Textbook and Media Attempts: 0 of 3 used Submit Answer (d) Determine the sales dollars required to carn net income of $210,000. (Round answer to decimal places eg. 1,225) Required sales dollars $ e Textbook and Media Bare for Later Attempts:0 of 3 used Submit