Reference no: EM132687686
Question - In 2019, total revenue for X Company was $1,866,600. Total costs were as follows:
Direct materials $298,900
Direct labor [all variable] 298,900
Variable overhead 262,300
Fixed overhead 156,000
Variable selling and administration 280,600
Fixed selling and administration 173,500
If total revenue in 2020 is expected to be $1,770,210, compute what the expected profits in 2020 [round the CM or CM rate to two decimal places]?