Reference no: EM132690315
Question - In 2019, total revenue for X Company was $1,666,500. Total costs were as follows:
Direct materials $319,000
Direct labor [all variable] 308,000
Variable overhead 269,500
Fixed overhead 157,000
Variable selling and administration 253,000
Fixed selling and administration 197,000
If total revenue in 2020 is expected to be $1,797,093, what are expected profits in 2020 [round the CM or CM rate to two decimal places]?