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Crane Company bottles and distributes-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 Selling expenses variable 596.500 Direct materials 450.000 Selling opennes-fed 63.000 ho Direct labor 360.000 Administrative pens-vaniable 26.000 Manufacturing overhead-variable 390.000 Administratives 69,500 Manufacturing overhead-foed 130.000 (a) You are correct Decor CV income 2020 bodo names CRANE COMPANY CVP Income Statement For the Year Ending December 31, 2020 5 11:02 CRANE COMPANY CVP Income Statement (Estimated For the Year Ending December 31, 2020 Sales $ 1750000 7 Variable Expenses Cost of Goods Sold V 1190000 Selling Expenses V 96500 Administrative Expenses 26000 Total Variable en 1312100 Contribution Margit 37500 Feb Con Goods Sold V 150000 Selling Essen V 53000 Aineen 3900 To Expres 15200 Total bed Expenses 2625001 Net Income 175000 eTextbook and Media Attempts: 1 of 3 used (61) Calculate variable cost per bottle (Round variable cont per bottle to 3 decimal places 3.0251) Variable cost per bottle 5 eTextbook and Media Attempts of used Shin Answer (62) The parts of this question must be completed in order. This part will be able when you complete the part (c) The caso question compte der This will be when you Teatab