Question 13 of 13

Question 13 of 13 Cullumber 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 Direct materials Direct labor Ma n ufactu ring overheadvaria ble Ma n ufactu ring overheadfi xed 510,000 390,000 410,000 130,000 Selling ,'ariable Selling expenses fixed Administrative expensesvariable Administrative expen fixed $105,000 62000 25,000 96,000 Prepare a CVP income statement for 2020 based on management's estimates. CULLUMBER COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020