Sheridan 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 2022, management estimates the following revenues and costs. Sales $2,000,000 Selling expensesvariable $212,000 Direct materials 480,000 Selling expensesfixed 50,000 Direct labor 330,000 Administrative expensesvariable 28,000 Manufacturing overheadvariable 350,000 Administrative expensesfixed 90,000 Manufacturing overheadfixed 280,000

Prepare a CVP income statement for 2022 based on managements estimates.

Calculate the variable cost per bottle. (Round variable cost per table to 2 decimal places, e.g. 0.25.)