Belmain Coexpects to maintain the same inventories at the end of 2017 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 goods sold. With this 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 Variable Cost Estimated (per Fixed unit Cost sold) Production costs Direct material $17 Direct labor 13 Factory overed $307,100 9 felingen Bales sales and commissions 30.000 Advertising 27.200 Travel 6.000 Miscellaneous wingepee 6.700 Administrative Office and officers salaries 70.000 Supplies 3.700 1 Misowaneous administrative 9.100 Total $604,000 941 4 pectos that 12.600 unitsill be $120 unit Mental within the range 16.000 Belmain Co. Estimated Income Statement For the Year Ended December 31, 2017 Cost of goods sold: Cost of goods sold Gross profit Expenses: Selling expenses: Total selling expenses Administrative expenses Total administrative expenses Total expenses Income from operations 2. What is the expected contribution margin ratio? Round to the nearest whole percent. % 3. Determine the break-even sales in units and dollars. Units units Dollars units 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? Dollars: Percentage: (Round to the nearest whole percent.) % 6. Determine the operating leverage. Round to one decimal place