Labels and Amount Descriptions Income Statement Additional Questions Instructions Wolsey Industries Inc. expects to maintain the same inventories at the end of 2048 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 Foed Estimated Variable Cost per unit sold) 2 Production costs: 556.00 Direct materials Direct labor 513000100 Factory overhead Selling expenses 102.000.00 Salesians and common Instructions 2 Production costs: Direct materials $56.00 34.00 Direct labor Factory overhead $188,000.00 20.00 6 Selling expenses: Sales salaries and commissions 102,000.00 6.00 Advertising 39,000.00 Travel 12,000.00 Miscellaneous selling expense 7.400.00 1.00 11 Administrative expenses: Office and officers' salaries 141,200.00 13 Supplies 8,000.00 2.00 14 Miscellaneous administrative expense 13.600.00 1.00 15 Total $511.200.00 $120.00 10 Type here to search 8 2 Label and Amount Descriptions Income Statement Additional Questions Instructions 14 Miscellaneous administrative expense 1.00 13.600.00 5511,200.00 15 Total $120.00 It is expected that 21,300 units will be sold at a price of $160 a unit. Maximum sales within the relevant range are 25,825 units Required: A Prepare an estimated income statement for 20Y8. Refer to the Labels and Amount Descriptions is provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading B. What is the expected contribution margin ratio? C. Determine the break-even sales in units and dollars. Round your answers to the nearest whole number D. Construct a cost-volume-profit chart on your own paper What is the break even sales? E What is the expected margin of safety in dollars and as a percentage of sales? Round your answers to the nearest whole number F. Defermine the operating leverage. Round to one decimal place Type here to search