Oriole 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 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead-varibe 410,000 Administrative expenses-fixed Manufacturing overhead-fixed $107,000 57,000 390,000 Administrative expenses-variable 21000 162,000 $2,040,000 Selling expenses-variable 500,000 Selling expenses-fixed 240,000 Your answer is correct. Prepare a CVP income statement for 2020 based on management's estimates. ORIOLE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31,2020 Sales Variable Expenses Cost of Goods Sold 1300000 107000 21000 Selling Expenses Total Variable Expenses Contribution Margin Fixad Expenses 1428000 612000 Selling Expenses 57000 162000 Cost of Goods Sold 240000 Total Fixed Expenses 459000 153000 eTextbook and Media Attempts: 3 of 4 used (b1) Your answer is incorrect Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle $