Blossom 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		$1,950,000		Selling expensesvariable		$67,000
Direct materials		550,000		Selling expensesfixed		61,000
Direct labor		350,000		Administrative expensesvariable		28,000
Manufacturing overheadvariable		370,000		Administrative expensesfixed		59,250
Manufacturing overheadfixed		260,000

Prepare a CVP income statement for 2020 based on managements estimates.

Prepare a CVP income statement for 2020 based on management's estimates. BLOSSOM COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Sales $ 1950000 Variable Expenses Cost of Goods Sold $ 1270000 i Selling Expenses 67000 i Administrative Expenses 28000 i Total Variable Expenses 1365000 Contribution Margin Fixed Expenses Cost of Goods Sold 260000 i Selling Expenses 61000 i Administrative Expenses 59250 i Total Fixed Expenses 380250 Net Income/(Loss) $ e Textbook and Media Save for Later Attempts: 1 of 5 used Submit