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Question 1 of 1 < > - 71 View Policies Current Attempt in Progress Ivanhoe Company bottles and distributes B-Lite, a diet sofPrepare a CVP income statement for 2020 based on managements estimates. IVANHOE COMPANY CVP Income Statement (Estimated) ForCalculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottlCompute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, e.

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IVANHOE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Sales $1,650,000 Variable Expenses: CoWorking Notes: Cost of Goods Sold- Variable = Direct Materials + Direct Labor + Mnaufacturing overhead variable = $460,000+$3

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