Proctoring Enabled: MH Lab 2: Cost Volume-Profit Saved 13 00:38:12 eBook Draaksh Corporation sells premium quality wine for $105 per bottle. Its direct materials and direct labour costs are $20 and $11.50 respectively per bottle. It pays its direct labour employees a wage of $23 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= $153,700+ $22.00x 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 $34,200 per month for sales promotions; additionally, it has decided to offer a sales commission of $5.50 per bottle to its sales personnel. Administrative expenses are expected to be $25,000 per month. Help S Proctoring Enabled: MH Lab 2: Cost-Volume-Profit Seed 11 Memofax, Inc. produces memory enhancement software for computers. Sales have been very erratic, with some months showing a profit and some months showing a loss. The company's contribution format income statement for the most recent month is given below Help Sev