Pharoah 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 2020, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1.850,000 490,000 330,000 350,000 220,000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $102,000 57,000 23,000 111,500 (61) Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, eg. 0.251.) Variable cost per bottle $ 0.350 Save for Later Attempts: 0 of 1 used Submit