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Compute what the expected profits

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Question - In 2019, total revenue for X Company was $1,866,600. Total costs were as follows:

Direct materials $298,900

Direct labor [all variable] 298,900

Variable overhead 262,300

Fixed overhead 156,000

Variable selling and administration 280,600

Fixed selling and administration 173,500

If total revenue in 2020 is expected to be $1,770,210, compute what the expected profits in 2020 [round the CM or CM rate to two decimal places]?

Reference no: EM132687686

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