Draaksh Corporation sells premium quality wine for $75 per bottle. Its direct materials and direct labour costs are $14 and $8.50 respectively per bottle. It pays its direct labour employees a wage of $17 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=$150.700+$19.00x 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 $33,000 per month for sales promotions; addinionally, it has decided to offer a sales commission of $4.00 per bottle to its sales personnel. Administrative expenses are expected to be $24.500 per month. Required: 1. Compute the expected total variable cost per bottle and the expected contribution margin ratio. Answer is complete but not entirely correct. 2. Compute the annual break-even sales in units and dollars. (Round your intermediate and final answers to the whole number) Answer is complete but not entirely correct. 3. Draaksh has budgeted sales of $80 million for the next fiscal year. What is the company's margin of safety in dollars and as a percentage of budgeted sales? (Round your intermediate and final onswers to the whole numberi) (x) Answer is complete but not entirely correct. 3. Draaksh has budgeted sales of $8.0 million for the next fiscal year. What is the company's margin of safety in dollars and as a percentage of budgeted sales? (Round your intermediate and final answers to the whole number) Answer is complete but not entirely correct