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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

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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 1,840,000 Selling expenses-variable Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed 440,000 Selling expenses-fixed 320,000 Administrative expenses-variable 350,000 Administrative expenses-fixed 498,000 $50,000 50,000 36,000 54,000 Prepare a CVP income statement for 2017 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated)

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