Problem 11-2

Bridgeport 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 90 cents per bottle. For the year 2017, management estimates the following revenues and costs. Sales Direct materials Direct labor Mahufacturing overhead-variable Manufacturing gverhead-fixed 2,064,000 Selling expenses-variable 440,000 Selling expenses-fixed 00,000 Administrative expenses-variable 360,000 Administrative expenses-fixed 637,400 $70,000 45,000 68,400 52,000 Prenare a CVP income statement for 2017 based on management's estimates