repost due to incorrect answer

please check the second group of photos. they arent blurry.

soll. DOO DO D 31000 00 UD 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 $26 17 Direct labor Factory overhead $294,900 13 Selling expenses: Sales salaries and commissions 6 Advertising Travel Miscellaneous selling expense 61,300 20,700 4,600 5,100 Administrative expenses Office and officers' salaries Supplies 59,900 7,400 6,900 2 3 Miscellaneous administrative expense $460,800 $72 Total It is expected that 9.600 units will be sold at a price of $144 a unit. Maximum sales within the relevant noe are 12.000 units 10tai $160,800 $72 It is expected that 9,600 units will be sold at a price of $144 a unt. Maximum sales within the relevant range are 12,000 units. Required: 1. Prepare an estimated income statement for 2017 Belmain Co. Estimated Income Statement For the Year Ended December 31, 2017 Sales 1.381 X Cost of goods sold: Direct materials 249.6 X Direct labor Factory overhead lo Total cost of goods sold Gross profit Expenses: Selling expenses: Sales salaries and commissions Advertising bill Travel Miscellaneous selling expense Previous Next Selling expenses: Sales salaries and commissions Advertising Travel Miscellaneous selling expense o Total selling expenses Administrative expenses: office and officers salaries Supplies Miscellaneous administrative expense Total administrative expenses ni Total expenses Operating income Feedback Check My Work 1. Use the data to compute the total costs. Remember that some of the costs have a fixed and a variable cost component. 2. What is the expected contribution margin ratio? Round to the nearest whole percent, 39.8 X %