6 10 points +Book POK Draaksh Corporation sells premium quality wine for $130 per bottle. Its direct materials and direct labour costs are $25 and $14.00 respectively per bottle. It pays its direct labour employees a wage of $28 per hour The company performed a regression analysis using the past 12 months data and established the following monthly cost equation for manufacturing overhead costs using direct labour-hours as the overhead allocation base: y-$156,200 $24.50x Draaksh believes that the above cost estimates will not substantially change for the next fiscal year. Given the stiff competition in the wine market, Draaksh budgeted an amount of $35,200 per month for sales promotions; additionally, it has decided to offer a sales commission of $6.75 per bottle to its sales personnel. Administrative expenses are expected to be $25,600 per month. Required: 1. Compute the expected total variable cost per bottle and the expected contribution margin ratio Total variable cost Contribution margin ratio Check my work