Question 32 Martin Footwear Co. produces high-quality shoes. To prepare for next year's marketing campaign, the company's controller has prepared the following information for the current year, 2020: Variable costs (per pair of shoes) Direct materials $42.00 Direct manufacturing labour 18.00 Variable overhead (manufacturing, marketing, distribution, customer 23.00 service, and administration) Total variable costs $83.00 Fixed costs Manufacturing $2,580,000 Marketing, distribution, and customer service 495,000 Administrative 755,000 Total xed costs $3,830,000 Selling price per pair of shoes $183 Expected revenues, 2020 (51,300 units) $9,387,900 Income tax rate 40%