Question 13 0.17 ew Policies now Attempt History urrent Attempt in Progress Jorge 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 $2,052,000 Selling expenses-variable $60,000 Direct materials 460,000 Selling expenses-fixed 60,000 Direct labor 300,000 Administrative expenses-variable 83,800 Manufacturing overhead-variable 430,000 Administrative expenses ---fixed 58,000 Manufacturing overhead-fixed 539,300 JORGE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2017 , Sales 2052000 Variable Expenses Cost of Goods Sold 89 430,000 A / Selling Expenses 60,000 i / / / Administrative Expenses 83,800 83,800 i / Total Variable Expenses 573,800 Contribution Margin 1,478,200 Fixed Expenses Cost of Goods Sold 539.300 Selling Expenses 60,000 Administrative Expenses 58,000 i Total Fixed Expenses 657,300 CVP Income Statement (Estimated) For the Year Ending December 31, 2017 4 Sales 2052000 Variable Expenses Cost of Goods Sold : $ 430,000 Selling Expenses : 60,000 i Administrative Expenses 83,800 i Total Variable Expenses 573,800 Contribution Margin ! 1.478,200 Fixed Expenses Cost of Goods Sold 4 539,300 i 60.000 i Selling Expenses Administrative Expenses : 58.000 i 657,300 i Total Fixed Expenses 0 2135500 Net Income/(Loss)