Problem 5-A (Video) Ivanhoe Company bottles and distributes Buite, a diet soft drink. The beverage for Soc per 16 ouncebetores, whechargement prothy 220, estimates the following revenues and costs. Sales $1,650,000 Selling expenses variable Direct materials 460,000 Selling expenses-fixed 51.000 Direct labor 330,000 Administrative expenses variable 21,000 Manufacturing overhead-variable 350,000 Adestrative experies-fod 99,000 Manufacturing overhead-fixed 180,000 Prepare a CVP income statement for 2020 based on management's estimates. IVANHOE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $ - eduger wileyplus.com/edugenti/main uni il Return to Blackboard Help System Announcements CALCULATOR Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, ..0.251.) Variable cost per bottle Compute the break-even point in (1) units and (2) dollars. (Hound answers to decimal places,.. 1,225.) (1) Compute the break-even point units (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. 0.25 and final answers to decimal place ...) % Contribution margin ratio I Margin of safety ratio