Problem 19-2A (Part Level Submission) Jorge Compary bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retalers, who charge customers 90 cents per bottle. For the year 2017, management estimates the following revenues and cost Sales Direct materials Direct labor s 70,000 45,000 68,400 52,000 s 2,064,000 Selling expenses-variable 40,000 Selling expenses-xed 300,000 Administrative expenses-variable 360,000 Adminstrative expenses-fixed 637.400 (a) Prepare a CVP income statement for 2017 based on management's estirnates JORGE COMPANY 100000 otal Variable Ex Contribution Margin 825600 Fixed Expenses Total Fixed Expenses 734400 Net Income/(Loss 91200 SHOW SOLUON OW ANSWER (b1) Your answer is correct. Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251. Variable cost per bottle 36 (62) Your answer is incorrect. Try again Compute the break-even point in 1) units and 2) dollars. (Round answers to 0 decimal places, e.g. 1,225.) (1) Compute the break-even point (2) Compute the break-even point 1360000 units SHOW SOLUTION SHOW ANSWER (c) Round variable cost per bottle to 3 decimal places, e-9, 0.257 and final answers to 0 decimal places, eg. 25%. Compute the contrbution margin ratio and the margir of safety ratio. Contribution margin ratio Margin of safety ratio