Question
In 2019, total revenue for X Company was $1,915,400. Total costs were as follows: Direct materials $262,300 Direct labor [all variable] 274,500 Variable overhead 292,800
In 2019, total revenue for X Company was $1,915,400. Total costs were as follows:
| Direct materials | $262,300 |
| Direct labor [all variable] | 274,500 |
| Variable overhead | 292,800 |
| Fixed overhead | 169,000 |
| Variable selling and administration | 268,400 |
| Fixed selling and administration | 188,000 |
If total revenue in 2020 is expected to be $1,778,810, what are expected profits in 2020 [round the CM or CM rate to two decimal places]?
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Managerial Accounting
Authors: Ronald W Hilton
7th Edition
0073022853, 978-0073022857
