Pharoah Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales $1,800,000 Selling expenses-variable Direct materials $93,000 65,000 27,000 Direct labor 410,000 400,000 420,000 150,000 Selling expenses-fixed Administrative expenses--variable Administrative expenses---fixed 55,000 Manufacturing overhead-variable Manufacturing overhead-fixed 150,000 Prepare a CVP income statement for 2020 based on management's estimates. PHAROAH COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 PHAROAH 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, eg. 0.251.) Variable cost per bottle $ e Textbook and Media Compute the break-even point in (1) units and (2) dollars. (Round answers to 0 decimal places, eg. 1,225.) (1) Compute the break-even point units (2) Compute the break-even point $ e Textbook and Media Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, e.g. 0.25 and final answers to O decimal places, eg, 25%.) Contribution margin ratio 11 Margin of safety ratio eTextbook and Media Determine the sales dollars required to earn net income of $180,000. (Round answer to decimal places, s. 1,225) Required sales dollars $ e Textbook and Media