Problem 18-2A (Part Level Submission) orge 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 2017, management estimates the following revenues and costs. 1,600,000 Selling expenses-variable Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed 450,000 Selling expenses-flxed 300,000 Administrative expenses-variable 360,000 Administrative expenses-fixed 227,500 $50,000 45,000 40,000 40,000 Study (a) Prepare a CVP income for 2017 based on mana 1600000 898 8