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 $72,000 Direct materials 53,000 $1,550,000 Selling expenses-variable 440,000 Selling expenses-fixed 340,000 Administrative expenses-variable 360,000 Administrative expenses --Fixed 100,000 Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed 28,000 48,500 CRANE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $ $ > 1 4 $ A