Wildhorse 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. 2020, management estimates the following revenues and costs. Sales $108,000 Direct materials $1,750.000 Selling expenses-variable 450,000 Selling expenses-fixed 400,000 Administrative expenses-variable 54,000 22.000 Direct labor Manufacturing overhead-variable 420.000 Administrative expenses-fixed 71.000 Manufacturing overhead-fixed 120,000 Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle $ e Textbook and Media Compute the break-even point in (1) units and (2) dollars. (Round answers to O 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 decimal places, eg. 25%.) Contribution margin ratio Margin of safety ratio e Textbook and Media Determine the sales dollars required to earn net income of $200,000. (Round answer to 0 decimal places, e.g. 1,225.) Required sales dollars $ e Textbook and Media WILDHORSE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Sales 1750000 Variable Expenses Cost of Goods Sold Selling Expenses 108000 Administrative Expenses 22000 Total Variable Expenses Contribution Margin Fixed Expenses Cost of Goods Sold 120000 Selling Expenses 54000 Administrative Expenses 71000 Total Fixed Expenses 245000 Net Income/(Loss)