eBook Calculator 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 2047 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 departhents 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 $50.00 Direct labor 30.00 Factory overhead $350,000 6.00 4.00 Selling expenses Sales salaries and commissions Advertising Travel Miscellaneous selling expense Administrative expenses Office and officers' salaries Supplies Miscellaneous administrative expense 340,000 116,000 4,000 2,300 1.00 325,000 6,000 4.00 8,700 1.00 Total $1,152.000 $96.00 It is expected that 12,000 units will be sold at a price of $240 a unit. Maximum sales within the relevant range are 18,000 units. Check My Work Previous Next > All work saved Emalico Save and Exit Submit Assignment for Grading Type here to search O eBook Calculator For the Year Ended December 31, 2017 Sales Cost of goods sold: Direct materials Direct labor Factory overhead Total cost of goods sold 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 administrative expenses Total expenses Income from operations Check My Work