Need break even and all those to the question

14 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 2017 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 Estimated Variable Cost Fixed Cost (per unit sold) Production costs: Direct materials $22 Direct labor Factory overhead $553,000 11 Selling expenses Sales salaries and commissions 114,900 Advertising 38,900 Travel 8,600 Miscellaneous selling expense 9,500 Administrative expenses: Office and officers' salaries 112,300 Supplies 13,800 2 Miscellaneous administrative expense 13,000 2 Total $864,000 $60 Next $60 Total $864,000 It is expected that 7,200 units will be sold at a price of $300 a unit. Maximum sales within the relevant range are 9,000 units. Required: 1. Prepare an estimated Income statement for 2017. Belmain Co. Estimated Income Statement For the Year Ended December 31, 2017 Cost of goods sold: Total cost of goods sold Gross profit Expenses Selling expenses Selling expenses: Total selling expenses Administrative expenses: