a m argo, rex Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage emain Co. expects to maintain the same inventories at the end of 2077 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of good is in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: Estimated Fixed Cost Estimated Variable Cost (per unit sold) Production costs: Direct materials Direct labor $50.00 30.00 Factory Overhead $350,000 Seving expenses Sales salaries and commissions 340.000 Advertising 116,000 4,000 Travel 2,300 325.000 Miscellaneous selling expense Administrative expenses: Office and officers' sales Supplies Miscellaneous administrative expense Total It is expected that 12.000 units will be sold at a price of $240 a unit. Maximum sales within th Required 1. Prepare an estimated income statement for 2017 Belmana Estimated Income Statement For the Year Ended December 31, 2017 Cont of goods Gross proft Expenses Send tot fest Gradie $ Gross profit Expenses Selling expenses Totalveling expenses Qili QI DO DO Total administrave expenses Income from cortions 2. What is the expected contribution margin ratio 3. Determine the break-even sales in units and dollars Units Dollars 4. Construct a cost-volume-prochart on your own paper. What Save and be submit Test for Grading