Sheridan Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers. For the year 2025, management estimates the following revenues and costs. Sales $2,000,000 Selling expenses-variable $212,000 Direct materials 480,000 Selling expenses-fixed 50,000 Direct labor 330,000 Administrative expenses-variable 28,000 Manufacturing overhead-variable 350,000 Administrative expenses-fixed 90,000 Manufacturing overhead-fixed 280,000