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In 2019, total revenue for X Company was $1,632,000. Total costs were as follows: Direct materials...

In 2019, total revenue for X Company was $1,632,000. Total costs were as follows:

Direct materials $249,900  
Direct labor [all variable] 295,800
Variable overhead 229,500
Fixed overhead 181,500
Variable selling and administration 295,800
Fixed selling and administration 158,500

If total revenue in 2020 is expected to be $1,501,120, what are expected profits in 2020 [round the CM or CM rate to two decimal places]?

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The expected profit in 2020 is $185392

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