Sales Revenue: $51,845,000
Variable Costs:
Direct Materials: $7,205,000
Direct Labor: $10,067,000
Variable Overhead: $5,633,000
Variable Selling and Administrative Expenses: $3,537,000
Total Variable Costs: $26,442,000
Contribution Margin: $25,403,000
Fixed Costs:
Fixed Selling and Administrative Expenses: $4,675,000
Fixed Overhead: $9,694,600
Total Fixed Costs: $14,369,600
Net Income: $11,033,400