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In 2019, total revenue for X Company was $1,989,000. Total costs were as follows: Direct Materials 382500 Direct Labor (all variable) 370500 Variable Overhead 370500
In 2019, total revenue for X Company was $1,989,000. Total costs were as follows:
| Direct Materials | 382500 |
| Direct Labor (all variable) | 370500 |
| Variable Overhead | 370500 |
| Fixed overhead | 178000 |
| Variable Selling and Administration | 286000 |
| Fixed Selling and Administration | 165500 |
If total revenue in 2020 is expected to be $2,127,924, what are expected profits in 2020 [round the CM or CM rate to two decimal places]?
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