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What are expected profits in the given year

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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 administration197,000

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]?

Reference no: EM132736740

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