The Problem 5-3A (Video) Ivanhoe Company bottles and distributes B-Lite, a diet sot drink. The beverage is sold for 50 per cento theme for the estimates the following revenues and costs Sales $1,650,000 Selling expenses variable $76,500 Direct materials 460,000 Selling expenses-foed 51.000 Direct labor 330,000 Administrative expenses variable Manufacturing overhead variable 350,000 Administrative expenses 9,000 Manufacturing overhead-fixed 180,000 Home, Return to t S Weygandt, Managerial Accounting, 8e Help System Announcements Prepare a CVP income statement for 2020 based on management's estimates. IVANHOE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places es and Windows e the Calculate variable cost per bottle. (Round variable cost per bottle to decimal places,...) Variable cost per bottle $ Compute the break-even point in (1) itsand (2) dollars. (Round answers to decimal places 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 hottle to decimal places Contribution margin ratio Margin of safety ratio Determine the sales dollars required to earn net income of $240,000. (Round antiver to decimal places, c.9. 1,725.) Required sales dollars Click if you would like to Show Work for this questions Modify Show Work