Crane 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 $1,550,000 Selling expenses-variable $72,000 Direct materials 440,000 Selling expenses-fixed 53,000 Direct labor 340,000 Administrative expenses-variable 28,000 Manufacturing overhead-variable 360.000 Administrative expenses-fixed 48,500 Manufacturing overhead-fixed 100,000 CRANE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Sales $ 1550000 Variable Expenses Cost of Goods Sold $ v 1140000 i Selling Expenses 72000 i Administrative Expenses 28000 i Total Variable Expenses 1240000 i Contribution Margin 310000 Fixed Expenses v Cost of Goods Sold 100000 i Selling Expenses 53000 i Administrative Expenses 48500 i Total Fixed Expenses 2015001 Net Income/(Loss) 108500 Calculate variable cost per bottle (Round variable cost per bottle to 3 decimal places, es 0.251) Variable cost per bottle $ eTextbook and Media Save for later Attempts: 0 of 5 used Submit Answer (62) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above