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In 2019, total revenue for X Company was $1,672,000. Total costs were as follows: direct materials 319000 direct labor (all variable) 231000 variable overhead 231000
In 2019, total revenue for X Company was $1,672,000. Total costs were as follows:
direct materials | 319000 |
direct labor (all variable) | 231000 |
variable overhead | 231000 |
fixed overhead | 176000 |
variable selling and adminstration | 302500 |
fixed selling and administration | 170000 |
If total revenue in 2020 is expected to be $1,794,816, what are expected profits in 2020 [round the CM or CM rate to two decimal places]?
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