Question
In 2019, total revenue for X Company was $1,632,000. Total costs were as follows: Direct materials $249,900 Direct labor [all variable] 295,800 Variable overhead 229,500
In 2019, total revenue for X Company was $1,632,000. Total costs were as follows:
| Direct materials | $249,900 |
| Direct labor [all variable] | 295,800 |
| Variable overhead | 229,500 |
| Fixed overhead | 181,500 |
| Variable selling and administration | 295,800 |
| Fixed selling and administration | 158,500 |
If total revenue in 2020 is expected to be $1,501,120, what are expected profits in 2020 [round the CM or CM rate to two decimal places]?
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Accounting Ethics
Authors: Iris Stuart
1st Edition
1118542401, 9781118542408
