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 54.000 Direct materials 450.000 Selling expenses-fixed Direct labor 400000 Administrative expenses variable 22.000 Manufacturing overhead-variable 420000 Administrative expenses-foed 75.000 Manufacturing overhead-fixed 120.000 Your answer is partially connect Prepare a CVP Income statement for 2020 based on management's estimates WILDHORSE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Sales 250000 Variable Expenses Cost of Goods Sold 1270000 Sellings V 108000 Administrative pense 22000 Total Variable Exp 14000 Contribution Mwa 3 FedExpo Contribution More 120000 Selling Expens 5400 depen 71000 Total Fixed Exposes 245000 7100 245000 Net 105000 e Textbook and Media Your awer is correct. Calculate variable cost per bottle Round variable cost per bottle to 3 decimal pocetes 0.251) Variable cost per bottle $ 0.4 eTextbook and Media Your answer is correct Compute the break even point in (1) units and (2) dollars. (Round answers to decimal places 1.225) 11 Compute the break even point 2450000 units (2) Compute the break-even point $ 1225000 e Textbook and Media Your answer is partially correct. Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places es 0.25 and Anal answers to decimal places, s. 25%) Contribution margin ratio 20 Margin of safety ratio Compute the break even point in tunits and (2) dollars. (Round answers to decimal places 1.225) (11 Compute the break even point 2450000 units Compute the break even point 5 1225000 e Textbook and Media Your answer is partially correct Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to decimal place 0.25 and final answers to decimal places.es 25X) 20 Contribution margin ratio Margin of safety ratio eTextbook and Media X your answer is incorrect Determine the sales dollars required to earn net income of $200.000. (Round answer to decimal places 1,225) Required sales dollars $ 7025000 e Textbook and Media