5 ales Whx and Break-Even Sales Data related to the expected sales of laptops and tablets for Tech Products Inc. for the current year, which is typical of recent years, are as follows: The estimlated fixiaf costs for the current year are $2,498,600 Required: 1. Determine the estimated units of sales of the overall (total) product, E, necessary to reach the break-even point for the current year, units 2. Based on the break-even sales (units) in part (y). determine the unit sales of both laptops and tablets for the current year. Laptops Tablets units 3. Assume that the sales mix was 50% faptops and 5 of tablets. compute the break-even point of the overall (total) product E. units Why is itso different? The break-even point is - in this sdenario than in part (1) because the sales mix is weighted asked to submit estimates of the costs for their departments during the year A summary report of these estimates is as followe: It is expected that 21,400 units will be sold at a price of $160 a unit. Maximum sales within the relevant range are 26,275 units. Required: 1. Prepare an estimated income statement for 20Y8. Be sure to complete the statement heading. Refer to the list of Accounts, Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive. A colon (.) will automatically appear if it is required. 2. What is the expected contribution margin ratio? 3. Determine the break-even sales in units and dollars. Round your answers to the nearest whole number. 4. Construct a cost-volume-profit chart on your own paper. What is the break-even sales? 5. What is the expected margin of safety in dollars and as a percentage of sales? Round your answers to the nearest whole number. 6. Determine the operating leverage. Round to one decimal place. Accounts, Labels and Amount Descriptions Accounts Advertising Direct materials Direct labor Factory overhead Miscellaneous selling expense Miscellaneous administrative expense Office and officers' salaries Sales Sales salaries and commissions Supplies Travel Labels December 31, 20Y8 Expenses For the Month Ended December 31, 20 Y8 For the Year Ended December 31, 20Y8 Amount Descriptions Cost of goods sold Gross profit Total selling expenses Total administrative expenses Total expenses Income from operations Wolsey Industries Inc. Estimated income Statement (Label) 1 2 Cost of goods sold: 3 4 5 6 7 8 (Label) 9 Selling expenses: 10 11) 12) 15 1414 A difinifi strative expenses: 16 2. What is the expected contribution margin ratio? 3. Determine the break-even sales in units and dollars. Start by using the contribution margin ratio (part B.) and then round your answers to the nearest whole number. Units ts Dollars 4. Construct a cost-volume-profit chart on your own paper What is the break-even sales? Final Questions 5. What is the expected margin of safety in dollars and as a percentage of sales? If applicable, use amounts previously computed and then round your answers to the nearest whole number. Dollars Percentage 6. Determine the operating leverage. Round to one decimal place