Question 8 of 8 Compute the contribution margin ratio and the margin of safety ratio. Contribution margin ratio Margin of safety ratio % eTextbook and Media Determine the sales dollars required to earn net income of $240,000. Required sales Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal ploces, e.g. 0.251.) Variable cost per bottle eTextbook and Media Compute the break-even point in (1) sales units and (2) sales dollars. (Round answers to 0 decimal places, es. 1,225.) (1) Break-even point units (2) Break-even point eTextbook and Media Compute the contribution margin ratio and the margin of safety ratio. Contribution margin ratio Margin of safety ratio Wildhorse Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16 -ounce bottle to retallers. For the year 2022, management estimates the following revenues and costs: Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, e.g. 0.251 .)