Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, eg 251)

unting dates Current Attempt in Progress Sheridan Company bou n d distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who chargustomers 75 cents per bottle. For the year 2020. management estimates the following revenues and costs Sales $1,980,000 Selling expenses-variable $79,000 Direct materials 500,000 Selling expenses-fixed 56,000 27,000 Direct labor 380,000 Administrative expenses-variable Manufacturing overhead-variable Administrative expenses-fod 179,500 400,000 210,000 Manufacturing overhead-fixed SHERIDAN COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Sales 1,980,000 Variable Expenses v Administrative Expenses 27,000 Cost of Goods Sold 1.280,000 i Selling Expenses 79.000 Total V ole Expenses 1,386,000 i Contribution Margin 594,000 Fed Expenses Cost of Goods Sold Selling Expenses Total Variable Expenses 1,386.000 Contribution Margin 594,000 Floed Expenses Cost of Goods Sold Selling Expenses Administrative Expenses Total Fixed Exp 445,500 Net Inne/(Loss) 148,500 Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e8. 0.251.)