vanhoe 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 2020, management estimates the following revenues and costs. $171,000 Sales 2 $1,950,000 Selling expenses-variable 59,000 Direct materials Selling expense foxed 470.000 Direct labor 340,000 Administrative expenses-variable24,000 360,000 Administrative expenses-fixed120,500 Manufacturing overhead-variable Manufacturing overhead-fixed 230,000 Your answer is partially correct Compute the contribut on margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, eg. 25 and final answers to 0 decimal places, eg. 25%) Contribution margin ratio 301% -272 | % Margin of safety ratio