Question $5$

$5$ pts

XYZ Co$.$ manufactures and sells beach chairs. The chairs have a selling price of $$70$ and have variable costs per unit of $$47.$ Fixed costs are $$1,720,000$ and the income tax rate is $30\%.$ Last year, XYZ sold $80,000$ beach chairs. What was XYZ$\text{'}$s total contribution margin last year?

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