Variable costing income statement Sports Drinks, Inc. began business in the current year selling bottles of a thirst-quenching drink. Production for the first year was 166,400 bottles, and sales were 156,800 bottles. The selling price per bottle was $3.10. Costs incurred during the year were as follows: Ingredients used Direct labor $89,600 41,600 Variable overhead 76,800 Fixed overhead 8,320 Variable selling expenses 16,000 Fixed selling and administrative expenses 44,800 Total actual cost $277,120 For the year: a. What was the production cost per bottle under variable costing? $ 0 b. What was variable cost of goods sold? $ 0 c. What was the contribution margin per bottle? Note: Round your answer to two decimal places (for example, round $2.455 to $2.46). $ 0 d. What was the contribution margin ratio? Note: Round your answer to the nearest whole percentage point. 0 %