View Policies Current Attempt in Progress Oriole 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 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales $118,000 Direct materials $1,860,000 Selling expenses --variable 430,000 Selling expenses-fixed 400,000 Administrative expenses-variable 420.000 Administrative expenses-fixed Direct labor 61,000 27,000 81,000 Manufacturing overhead-variable Manufacturing overhead-fixed 230,000 Prepare a CVP income statement for 2020 based on management's estimates. ORIOLE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Sales Variable Expenses A904441074/2019 UNIULE LUMIPANT CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Sales Variable Expenses Cost of Goods Sold Selling Expenses Administrative Expenses Total Variable Expenses Contribution Margin Fixed Expenses Selling Expenses Administrative Expenses Cost of Goods Sold Total Fixed Expenses Net Income toss e Textbook and Media WP lexthook and Media and on Type here to search