Problem 8-7 Computing Break-Even and Margin of Safety (LO2 - CC6, 8) Draaksh Corporation sells premium quality wine for $90 per bottle. Its direct materials and direct labour costs are $17 and $14 respectively per bottle. It pays its direct labour employees a wage of $20 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= $152,200 + $20.50x 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 $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