n o be the cost of goods sold with this in mind, the Woley industries incesto e Warious decame heads were d of 2016 other at the beginning of the year. The total of all production costs for the years t s during the year a summary report of these estimates is as follows to t h e Estimated Fred Cost Estimated Variable Cost (per unit sold) 12 Production costs Direct materials $56.00 Direct labor Factory overhead S18 000.00 20.00 Selling expenses 7 Sales salaries and commissions Advertising Travel 102,000.00 39.000.00 12.000.00 7400.00 10 Miscellaneous geen Administrative penses 12 Omice and officers are Supplies Miscellaneous administrative expense 15 Total 141.200.00 8.000.00 13.600.00 100 5511 200.00 $120.00 It is expected that 21.100 it will be sodat price 160 m m within the N ewe 25.825 units 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 2016. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. 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. Determine the operating leverage. Round to one decimal place