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CULLUMBER COMPANY CVPIncome Statement (Estimated) For the Year Ending December 31, 2022 Cullumber Company bottles and distributes 8 -Lite, a diet soft drink. The beverage

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CULLUMBER COMPANY CVPIncome Statement (Estimated) For the Year Ending December 31, 2022 Cullumber Company bottles and distributes 8 -Lite, a diet soft drink. The beverage is sold for 60 cents per 16 -ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2022, management estimates the following revenues and costs. (a) Youransweris comect. Prepare a CVP income statement for 2022 based on management's estimates. Calculate variable cost per bottle. (Round variable cost per bottle to 2 decimal places, e.g. 0.25 . Variable cost per bottle

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