Daewoo Electronics is a home electronics company. Established in 1971, it has since grown into a global business with more than 64 production sites, research and development, and sales centers in more than 40 countries worldwide. Selling expenses of the company is 20% cost of production. During the year company had sales of $302,510. Direct material cost of the company during the year was $ 92,230. Factory /Work overhead expenses of the company are 25% of labor. Calculate the profit of Daewoo Electronics, based on the following information: Direct labor $ Direct expenses $ Particulars General overhead expenses % 15% of Work cost 43,720 56,420