ACCOUNTING FOR MANAGERS (FMGT1116 Kimmel, Survey of Accounting, le Assignment Gradebook ORION Downloadable eTextbook CALCULATOR FULL SCREEN PRINTER VERSION 4 BACK Problem 11-2 Founder Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 90 cents per bottle. For the year 2017, management estimates the following revenues and costs Sales Direct materials Direct labor Manufacturing overhead variable Manufacturing overhead feed 51,848,000 Selling expenses variable 440,000 Selling expenses--fixed 330,000 Administrative expenses variable 430.000 Administrative expenses-fixed 404,000 $70,000 75,000 23,600 52.000 Prepare a CV income statement for 2017 based on management estimates