A company reported the following information for the production and sale of 600,000 gallons of oil:

Sales$1,500,000

Production costs:

Direct materials $575,000

Direct labor$300,000

Applied overhead (using ABC)

Overhead based on number of gallons375,000

Overhead based on number of batches100,000

Overhead based on number of ingredients 180,000

Total Production costs 1,530,000

Gross profit($30,000)

Overhead was applied based on the following predetermined overhead rates:

$0.75 per gallon

$500 per batch

$1000 per ingredient

What would be the gross profit if the company increased the selling price per gallon by $0.10?