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.

gandt, Managerial Accounting, 7e and costs. Sales $1,840,000 Selling expenses-variable Direct materials 410,000 Selling expenses-fixed Direct labor 350,000 Administrative expenses-variable Manufacturing overhead variable 370,000 Administrative expenses-fixed Manufacturing overhead-fixed 365,750 Prepare a CVP income statement for 2017 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated) O N Return to i $50,000 45,000 16,000 60,000