Belmain Co. Estimated Income Statement For the Year Ended December 31, 2017 10,000 600,000 360,000 422,000 32,000 $ 198,000 Sales Cost of goods sold: Direct materials Direct labor Factory overhead Cost of goods sed Gross profit Expenses Selling expenses Sales salaries and commissions Advertising Travel Miscellaneous selling expense Total selling expenses Administrative expenses: Office and officers' salaries Supplies Miscellaneous administrative expense Total ar ministrative vonese $ 388,000 116,000 4.000 14,300 $ 522,300 S 325,000 48,000 20,700 388,000 116,000 4,000 14,300 522,300 Expenses Selling expenses Sales salaries and commissions Advertising Travel Miscellaneou selling expense Tota selling expenses Administrative e penses: Office and officers' salaries Supplies Miscellaneous administrative expense To al administrative expenses Total expense Income from operations $ 325,000 48,000 20,700 399,700 922.000 576,000 Contribution margin ratio Sales Units x Unit Variable Cost IN Variable costs Contribution margin Sales Sales Contribution margin rato Break-even sales: Fixed costs Sale Price Unit Variable Cost Unit contribution ma gin Break-even sales (units) Sale price Break-even sales (collars) For each unit level of sales, enter the total sales dollars and total costs. The chart at right will be plotted as you enter the After all points are plotted, grab and move the labels provided at the left to identify each area. X Units Margin of safety Sale Price Expected sales Break-even point Margin of safety (in dollars) Expected sales Margin of safety (as a percentage of sales) Operating leverage Unit CM $ X Units Contribution margin Income from operations Operating leverage