Wildhorse 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 2020, management estimates the following revenues and costs. Sales $1,750,000 Selling expenses-variable $108,000 Direct materials 450,000 Selling expenses-fixed 54,000 Direct labor 400,000 Administrative expenses-variable 22,000 Manufacturing overhead-variable 420,000 Administrative expenses-fixed 71,000 Manufacturing overhead-fixed 120,000