Question 5 orge Company bottles and distributes 8-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bettle to retailers, who charge oustomers 75 cents per bottle. For the year 2017, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fxed s40,000 Selling expenses-variable 420,000 Selling expenses-fixed 350,000 Administrative expenses-variable 380,000 Administrative expenses-fixed 208,250 $50,000 70,000 0,000 48,000 Prepare a CVP income statement for 2017 based on management's estimates JORGE COMPANY CVP Income Statement (Estimated) 1,640,000 Sales Variable Expenses Cost of Goods Sold Seling Expenses Administraive Expenses Total Variable Expenses Total Variable Expenses Fixed Expenses Cost of Goods Sold Selling Expenses 0,000 48,000 Total Fixed Expenses Caloulate variable cost per bottle. (Round variable cost per bottle to 3 decimal placese.g. 0.2s1) vanable cost per botth Version 4.24 12 Compute the break-even point In (1) units and (2) dollars. (Round answers to O declmal places, e.g. 1,225.) (1) Compute the break-even point (2) Compute the break-even point units LINK TO TEXT LINK TO TEXT LINK TO TEXT Compute the contribution margin ratio and the margin of safety ratio. (Round varlable cost per bottle to 3 decimal places, e-g. o.25 and final answers to O decimal a Contribution margin ratio Margin of safety ratico LINK TO TEXT LINK TO TEXT LINK TO TEXT Determine the sales dollars required to earn net income of $150,000. (Round answer to O decimal places,e.g. 1,225. Required sales dollars LINK TO TEXTLINK TO TEXT LINK TO TEXT VIDEO: SIMTLAR