Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects 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 Fixed Cost Estimated Variable Cost (per unit sold) Production costs: Direct materials Direct labor Factory overhead Selling expenses: $24 16 $425,800 12 Sales salaries and commissions 88,500 Advertising 29,900 Travel 6,700 Miscellaneous selling expense 7,300 Administrative expenses: Office and officers' salaries 86,500 Supplies 10,600 2 Miscellaneous administrative expense 9,980 3 Total $665,280 $66 It is expected that 10,920 units will be sold at a price of $165 a unit. Maximum sales within the relevant range are 14,000 units Required: Email Instructor Submit Test for Grading