Draaksh Corporation sells premium quality wine for $85 per bottle. Its direct materials and direct labour costs are $16 and $9.50 respectively per bottle. It pays its direct labour employees a wage of $19 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= $151,700 + $20.00x

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 $33,400 per month for sales promotions; additionally, it has decided to offer a sales commission of $4.50 per bottle to its sales personnel. Administrative expenses are expected to be $24,700 per month.

Note: I need help with the blanks. The answers I originally tried are...

annual breakeven pint in dollars: 4,755,495 (55947*85)

margin of safety: 3,444,505 (8200000-4755495)

Required : 1 . Compute the expected total variable cost per bottle and the expected contribution margin ratio . Total variable cost $ 40 Contribution margin ratio 53| %0 2. Compute the annual break- even sales in units and dollars . ( Round your intermediate and final answers to the whole number . ) Annual breakeven sales in units 55, 947 Annual breakeven sales in dollars 3 . Draaksh has budgeted sales of $8. 2 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 . ) Margin of safety Budgeted sales 42| %