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Question 32 Martin Footwear Co. produces high-quality shoes. To prepare for next year's marketing campaign, the company's controller has prepared the following information for the current year, 2020: Variable costs (per pair of shoes) Direct materials $43.00 Direct manufacturing labour 22.00 Variable overhead (manufacturing, marketing, distribution, customer 22.00 service, and administration) Total variable costs $87.00 Fixed costs Manufacturing $2,525,000 Marketing, distribution, and customer service 485,000 Administrative 735,000 Total fixed costs $3,745,000 Selling price per pair of shoes $187 Expected revenues, 2020 (51,600 units) $9,649,200 Income tax rate 40%(a) Calculate the projected operating income before tax for 2020. Operating income before tax Attempts: 0 of 2 used