TON P5-2A Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2014, management estimates the following revenues and costs. $1,800,000 Sales $70,000 Selling expenses-variable Direct materials 430,000 Selling expenses-fixed 65,000 Direct labor 360,000 Administrative expenses- Manufacturing overhead- variable 20,000 variable 380,000 Administrative expenses- Manufacturing overhead- fixed 60,000 fixed 280,000 Instructions (a) Prepare a CVP income statement for 2014 based on management's estimates. (Show column for total amounts only.) (b) Compute the break-even point in (1) units and (2) dollars. (c) Compute the contribution margin ratio and the margin of safety ratio. (Round to nearest full percent.)