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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.

Sales		$1,800,000		Selling expensesvariable		$60,000
Direct materials		380,000		Selling expensesfixed		50,000
Direct labor		310,000		Administrative expensesvariable		30,000
Manufacturing overheadvariable		300,000		Administrative expensesfixed		50,000
Manufacturing overheadfixed		444,000

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. Sales $1,800,000 Selling expenses-variable Direct materials $60,000 50,000 30,000 50,000 380,000 Selling expenses-fixed 310,000 Administrative expenses variable 300,000 Administrative expenses-fred 444,000 Direct labor Manufacturing overhead-variable Manufacturing overhead-foed Your answer is partially correct Prepare a CVP income statement for 2017 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated) For the Month Ended December 31, 2017 Sales $ 1800000 Variable Expenses 4 Cost of Goods Sold 1134000 UUUUU e Textbook and Media