Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 90 cents per bottle. For the year 2017, management estimates the following revenues and costs. Sales $2,052,000 $60,000 Selling expenses-variable Selling expenses-fixed Direct materials 460,000 60,000 Direct labor 300,000 83.800 Administrative expenses-variable Administrative expenses-fixed Manufacturing overhead-variable 430,000 58,000 Manufacturing overhead-fixed 539,300 CVP Income Statement (Estimated) For the Year Ending December 31, 2017 Sales $ 2052000 Variable Expenses Cost of Goods Sold $ Selling Expenses 60000 i Administrative Expenses 83800 i Total Variable Expenses Contribution Margin Fixed Expenses Cost of Goods Sold Selling Expenses 60000 i Administrative Expenses 58000 Total Fixed Expenses Net Income/(Loss) $ eTextbook and Media Save for Later Attempts: 1 of 3 used Submit