Question 1 Jorge Company bottlies 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 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,870,000 Selling expenses-variable 400,000 Selling expenses-fixed 360,000 Administrative expenses-variable 450,000 Administrative expenses-fixed 304,000 $50,000 55,000 49,000 52,000 Prepare a CVP income statement for 2017 based on management's estimates. JORGE COMPANY CVP Income Statement (Estimated) 1870000 Variable Expenses Cost of Goods Sold Selling Expenses Adinistrative Expenses