What are expected profits

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Question - In 2019, total revenue for X Company was $1,953,000. Total costs were as follows:

Direct materials $359,100

Direct labor [all variable] 333,900

Variable overhead 315,000

Fixed overhead 170,000

Variable selling and administration 258,300

Fixed selling and administration 173,000

If total revenue in 2020 is expected to be $2,090,330, what are expected profits in 2020 [round the CM or CM rate to two decimal places]?

A: $292,192

B: $388,616

C: $516,859

D: $687,422

E: $914,271

F: $1,215,981

Reference no: EM132687647

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