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. For the year 2020, management estimates the following revenues and costs. Sales $1,750,000 Selling expenses-variable $108,000 Direct materials 54,000 22,000 Direct labor 450,000 Selling expenses-food 400,000 Administrative expenses-variable 420,000 Administrative expenses-fixed 120,000 Manufacturing overhead-variable 71,000 Manufacturing overhead-fixed Prepare a CVP Income statement for 2020 based on management's estimates WILDHORSE COMPANY CVP Income Statement (Estimated) Prepare a CVP Income statement for 2020 based on management's estimates. WILDHORSE COMPANY CVP Income Statement (Estimated) Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, eg, 0.251.) Variable cost per bottle $ Compute the break-even point in (1) units and (2) dollars. (Round answers to decimal places, eg. 1,225.) (1) Compute the break-even point units (2) Compute the break-even point $ Compute the break-even point in (1) units and (2) dollars. (Round answers to decimal places, es. 1,225.) 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, eg 0.25 and final answers to 0 decimal places. e. 25%) Contribution margin ratio Margin of safety ratio Determine the sales dollars required to earn net income of $200,000. (Round answer to decimal places, s. 1.225) Required sales dollars $