Sandhill Company bottles and distributes B-Lite a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, ho charge customers 75 cents per bottle. For the year 2020. management estimates the following revenues and costs. Sales 5 1.900,000 Selling expenses-variable $ 132,000 Direct materials 470.000 Selling expenses-fixed 63.000 Direct labor 340,000 Administrative expenses-variable 28.000 Manufacturing overhead-variable 360,000 Administrative expenses-fixed 94,500 Manufacturing overhead-fixed 270,000 (a) Prepare a CVP income statement for 2020 based on management's estimates. SANDHILL COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Sales S 1900000 Variable Expenses Cost of Goods Sold $ Selling Expenses Administratlve Expenses Total Varlable Expenses V Contribution Margin v Flsed Expenses Selling. Expenses Administrative Expenses Total Fed Expenses Total Flxed expenses Feet incomo werpetbook Medie Calculate variable cost per bottle. (Round veriable cost per bottle to 3 decimal places, 0.251.3 Variable cost per bottle $ e Textbook and Media Compute the break-even point in (1) units and (2) dollars. (Round answers to decimal places. e. 1.225.J (1) Compute the break-even point units (2) Compute the break-even points e Textbook and Media Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, ex. 0.25 and final answers to decimal proces. 4. 25* Contribution margin ratio Margin of safety ratio % e Textbook and Media Determine the sales dollars required to earn net income of $ 190,000. (Round answer to decimal places, ... 1.225.) Required sales dollars S eTextbook and Media Show transcribed image text