Sales $108,000 54,000 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,750,000 Selling expenses-variable 450,000 Selling expenses-fixed 400,000 Administrative expenses--variable 420,000 Administrative expenses-fixed 120,000 22,000 71,000 Prepare a CVP income statement for 2020 based on management's estimates. WILDHORSE COMPANY CVP Income Statement (Estimated) 1 > Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, cs. 0.251) Variable cost per bottle $ Compute the break-even point in (1) units and (2) dollars. (Round answers to decimal places, e.g. 1,225.) (1) Compute the break-even point units (2) Compute the break-even point $ Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, e.g. and final answers to decimal places, es, 25%) Contribution margin ratio % Margin of safety ratio % Determine the sales dollars required to earn net income of $200,000. (Round answer to decimal places, eg. 1,225.) Required sales dollars $ Sales $108,000 54,000 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,750,000 Selling expenses-variable 450,000 Selling expenses-fixed 400,000 Administrative expenses--variable 420,000 Administrative expenses-fixed 120,000 22,000 71,000 Prepare a CVP income statement for 2020 based on management's estimates. WILDHORSE COMPANY CVP Income Statement (Estimated) 1 > Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, cs. 0.251) Variable cost per bottle $ Compute the break-even point in (1) units and (2) dollars. (Round answers to decimal places, e.g. 1,225.) (1) Compute the break-even point units (2) Compute the break-even point $ Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, e.g. and final answers to decimal places, es, 25%) Contribution margin ratio % Margin of safety ratio % Determine the sales dollars required to earn net income of $200,000. (Round answer to decimal places, eg. 1,225.) Required sales dollars $