Jorge 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 2017, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $60,000 50,000 40,500 52,000 $1,770,000 Selling expenses-variable 410,000 Selling expenses-fixed 300,000 Administrative expenses-variable 340,000 Administrative expenses-fixed 423,000