Problem
During its first year of operations, the XYZ Company built 25,000 units of its product. It incurred $200,000 in direct material costs, $250,000 in direct labor costs, $300,000 in manufacturing overhead costs, and $150,000 in marketing costs. If XYZ sold 20,000 units for $60 per unit, what is XYZ's total throughput contribution for its first year of operations?