After graduation, your friend Felix decided to open up a cupcake shop in Minneapolis. He decides he wants to make Nutella Swirl cupcakes, but needs help understanding his profit. His estimated monthly costs when producing 200 and 400 cupcakes are given below. For 200 cupcakes - Direct labor is $200 Direct materials is $150 Overhead: Variable portion $100 Fixed portion $50 Selling and administrative costs: Variable portion $60 Fixed portion $75 For 400 cupcakes - Direct labor is $400 Direct materials is $300 Overhead: Variable portion $200 Fixed portion $50 Selling and administrative costs: Variable portion $120 Fixed portion $75 If each cupcake sells for $3, what is Felix's monthly profit if he produces and sells 350 cupcakes in a single month