Jorge 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 2017, management estimates the following revenues and costs. $70,000 65,000 Sales Direct materials Direct labor Manufacturing overhead-variable 380,000 Manufacturing overhead-fixed 280,000 $1,800,000 430,000 360,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable 20,000 Administrative expenses-fixed 60,000 Instructions (a) Prepare a CVP income statement for 2017 based on management's estimates. Seles 18 09 00o Direet Mat. (130,000) Direct labot (36 o ,00o) 11o,ooo nu - ver. Uarble u.ngapuar, ble min. ex. variable na ex 70 ,00 o,oco o,00O 16.oGo oefed 18o.000 ng.ex..L.xed 65.0 o h- n exp.ixed 601000 (b) Compute the break-even point in (1) units and (2) dollars