*Problem 18-2A 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. $50,000 Sales $1,640,000 Selling expenses-variable Direct materials 420,000 Selling expenses fixed 70,000 Direct labor 30,000 350,000 Administrative expenses-variable 48,000 Manufacturing overhead-variable 380,000 Administrative expenses-fixed Manufacturing overhead fixed 208,250 Your answer is partially correct. Try again. Prepare a CVP income statement for 2017 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated) or the Year Ending December 31, 2017 640000 riable Expenses 1000400 st of Goods Sold 0000 lling Expense ministrative Expenses 0000 otal Variable Expense ntribution Margin xed Expenses st of Goods Sold ng Ex TUTotal Fixed Expenses et Income/(Loss) X Your answer is incorrect. Try again Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle Your answer is incorrect. Try again