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Sunland Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16ounce bottle to retailers. For the year

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Sunland Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16ounce bottle to retailers. 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.) SUNLAND COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Total Sales 5 1,920,000 Variable Expenses Cost of Goods Sold $1,170,000 Selling Expenses 147,000 Administrative Expenses 27,000 Total Variable Expenses Contribution Margin 1,344,000 Fixed Expenses Cost of Goods Sold 280,000 576,000 Selling Expenses 52,000 Administrative Expenses 0 42,400 $ Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, e.g. 0.251.) SUNLAND COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Total Per Unit Percent of Sales $ 1,920,000 s % 70,000 47,000 27.000 80.000 52,000 42.400 Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle $ eTextbook and Media Attempts: 0 of 3 used (b2) Compute the break-even point in (1) sales units and (2) sales dollars. (Round answers to 0 decimal places, e.g. 1,225.) (1) Break-even point units (2) Break-even point $ Compute the contribution margin ratio and the margin of safety ratio. Contribution margin ratio Margin of safety ratio % eTextbook and Media Attemp (d) Determine the sales dollars required to earn net income of $180,000

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