Manchester Technology, Inc., manufactures several different types of printed circuit boards; however, two of the boards account for the majority of the companys sales. The first of these boards, a television circuit board, has been a standard in the industry for several years. The market for this type of board is competitive and price-sensitive. Manchester plans to sell 67,000 of the TV boards in 20x1 at a price of $370 per unit. The second high-volume product, a personal computer circuit board, is a recent addition to Manchesters product line. Because the PC board incorporates the latest technology, it can be sold at a premium price. The 20x1 plans include the sale of 42,000 PC boards at $700 per unit. The cost-accounting system shows that the following costs apply to the PC and TV boards.

	PC Board			TV Board
Direct material	$	221		$	141
Direct labor		3.5	hr.		1.5	hr.
Machine time		1.5	hr.		1.5	hr.

Variable manufacturing overhead is applied on the basis of direct-labor hours. For 20x1, variable overhead is budgeted at $2,270,000, and direct-labor hours are estimated at 259,875. The hourly rates for machine time and direct labor are $24 and $32, respectively. The company applies a material-handling charge at 10 percent of material cost. This material-handling charge is not included in variable manufacturing overhead. Total 20x1 expenditures for direct material are budgeted at $18,729,000.

Budgeted Cost					Cost Driver	Budgeted Annual Activity for Cost Driver
Procurement		$	820,000		Number of parts		4,483,000	parts
Production scheduling			450,000		Number of boards		114,450	boards
Packaging and shipping			900,000		Number of boards		114,450	boards
Total		$	2,170,000
Machine setup		$	900,000		Number of setups		501,900	setups
Hazardous waste disposal			100,000		Pounds of waste		30,681	pounds
Quality control			1,132,000		Number of inspections		387,450	inspections
General supplies			138,000		Number of boards		114,450	boards
Total		$	2,270,000
Machine insertion		$	2,500,000		Number of parts		3,333,000	parts
Manual insertion			4,483,000		Number of parts		1,150,000	parts
Wave-soldering			274,000		Number of boards		114,450	boards
Total		$	10,974,000

Required per Unit	PC Board			TV Board
Parts:		59			28
Machine insertions		38			27
Manual insertions		21			1
Machine setups		5			4
Hazardous waste disposal, in lb.		0.60			0.06
Inspections		4			3

Using activity-based costing, calculate the total amount that each of the two product lines will contribute toward covering fixed costs and profit in 20x1. (Round your intermediate calculations to 2 decimal places.)

	PC Board	TV Board
Total contribution margin