Question 12 of 12 0.7 / 1.75 View Policies Show Attempt History Current Attempt in Progress Crane 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 $1,750,000 $96,500 450,000 63.000 Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed 360,000 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed 26,000 380,000 69,500 130,000 (a) Your answer is correct Prepare a CVP income statement for 2020 based on management's estimates, CRANE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Sales 1,750,000 Question 12 of 12