units (1) Compute the break-even point (2) Compute the break-even point Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, o.p. 0.25 and final answers to o decimal places, 0.9. 25%.) % - Contribution margin ratio Margin of safety ratio % Determine the sales dollars required to earn net income of $180,000. (Round answer to o decimal places, e.g. 1,225.) Required sales dollars 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 $93,000 Direct materials 410,000 Selling expenses--fixed 65,000 Direct labor 400,000 Administrative expenses-variable 27,000 Manufacturing overhead-variable 420,000 Administrative expenses-fixed 55,000 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 Sales 1800000