answer the blank areas including total expenses, income from operations, what is the expected margin of safety in dollars and as a percentage of sales

answer the blank areas including total expenses, income from operations, what is the expected margin of safety in dollars and as a percentage of sales (if required , round the percent to one decimal place) and determine the operating leverage . Thx ( provide explanations). Transcribed Image Text: Sales
2,880,000
Cost of goods sold:
Direct materials
600,000
Direct labor
360,000
Factory overhead
422,000
1,382,000
Cost of goods sold
Gross profit
1,498,000
Expenses:
Selling expenses:
Sales salaries and commissions
Advertising
116,000
Travel
4,000
Miscellaneous selling expense
Total selling expenses
Administrative expenses:
Office and officers’ salaries
325,000
Supplies
Miscellaneous administrative expense
Total administrative expenses
Total evnenses
100%
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8.
Y Transcribed Image Text: Estimated
Estimated Variable Cost
Fixed Cost
(per unit sold)
Production costs:
Direct materials
$50.00
Direct labor
30.00
Factory overhead
$350,000
6.00
Selling expenses:
Sales salaries and commissions
340,000
4.00
Advertising
116,000
Travel
4,000
Miscellaneous selling expense
2,300
1.00
Administrative expenses:
Office and officers’ salaries
325,000
Supplies
6,000
4.00
Miscellaneous administrative expense
8,700
1.00
Total
$1,152,000
$96.00
It is expected that 12,000 units will be sold at a price of $240 a unit, Maximum sales within the relevant rang
18,000 units.
Required:
1. Prepare an estimated income statement for 20Y7.
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100%
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