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Yamini Inc sells premiurn quality wine for $90 per bottle. its direct materials and direct labour costs are $17 and $1000 respectively per bottle. It
Yamini Inc sells premiurn quality wine for $90 per bottle. its direct materials and direct labour costs are $17 and $1000 respectively per bottle. It pays its direct labour employees a wage of $20 per hour. The company performed a regresslon analysis using the past 12 months dota and estabilshed the following monthly cost equation for manufacturing overhead costs using direct labour hours as the overthead allocation base: y=$152.200+$20.50x Yamini believes that the above cost estimates will not substantially change for the next fiscal yeac. Given the stiff competition in the wine market, Yamini budgeted an amount of $33,600 per month for sales promotions; additionally, it has decided to offer a sales commission of $4.75 per bottle to its sales personnel. Administrative expenses are expected to be $24.800 per month. Required: 1. Compute the expected total variable cost per bolve and the expected contribution margin ratio. 2. Compute the annuarbreok-even sales in units and dollars. (Round your intermediate and finat antwers to the whole number) 3. Yartini has budgeted sales of $8.3 million for the next fiscal year. What is the company's margin of salety in dollars and as a percentage of budgeted sales? (Round your intermediate end final onswers to the whole number.) 4. This part of the question is not part of your Connect assignment
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