Remaining Time: 47 minutes, 13 seconds. Question Completion Status: vCTICLT ! QUESTOIT ZUT37 Question 2 21 points Save Answer College Products expects to maintain the same inventories at the end of the of 2019 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the costs of goods sold. The various department heads were asked to submit estimates of the costs for their departments during 2020. Expected sales of 575,000 units will be sold at a price of $32.50 a unit. A summary report of these estimates is as follows: (Per Unit Sold) Est Variable Cost Est Fixed Cost Production costs: Direct Labour Direct Materials Factory OH & Plant Manager Salary $3.25 $11.25 $350,000 $2.10 Selling Expenses: Advertising Expense Sales salary & Commissions Trade Show Travel Miscellaneous selling expense $2.10 $1,300,000 $105,000 $275,000 $7,000 $0.25 Administrative Expenses: Office Rent & Offices salaries Extra Packaging and salary Miscellaneous Admin Expense $450,000 $18,000 $19,000 $ 2,524,000 $0.65 $0.15 19.75 $ You are to calculate the following from the information provided Show answers to full Dollars (no cents) rounded, with commas 7 A W You are to calculate the following from the information provided: Show answers to full Dollars (no cents) rounded, with commas example $1,000,450 Question Sales Cost of goods sold: Direct Labour Direct Materials Factory OH & Plant Manager Salary Cost of goods sold I Gross profit Expenses: Selling expenses: For Blank 6 Advertising Expense Sales salary & Commissions Trade Show Travel Miscellaneous selling expense Total selling expenses Administrative expenses: Office Rent & Offices' onlarin Sales salary & Commissions Trade Show Travel Miscellaneous selling expense Total selling expenses Administrative expenses: Office Rent & Offices salaries Extra Packaging and salary Miscellaneous Admin Expense Total administrative expenses Total expenses Operating income Show answers to 2 decimal places Contribution margin ratio = $14 Break-even sales (units) = Break-even sales (dollars) = $34 Operating leverage =