Cullumber Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs.

Cullumber Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs.

Sales		$ 1,650,000		Selling expensesvariable		$ 73,000
Direct materials		520,000		Selling expensesfixed		52,000
Direct labor		340,000		Administrative expensesvariable		27,000
Manufacturing overheadvariable		360,000		Administrative expensesfixed		59,000
Manufacturing overheadfixed		120,000

CULLUMBER COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Total Per Unit Sales $ 1650000 $ $ Variable Expenses Cost of Goods Sold $ Selling Expenses 73000 i Administrative Expenses 27000 i Total Variable Expenses 1320000 i 0.40 Total Per Unit Percent of Sales $ 1650000 $ $ 0.50 % 73000 i 27000 i 1320000 i 0.40 i % 330000 $ 0.10 % Fixed Expenses Cost of Goods Sold 120000 Selling Expenses 52000 Administrative Expenses 59000 Total Fixed Expenses 231000 Net Income/(Loss) $ 99000