Porter Company has provided the following data for the second quarter of the most recent year: 
Assume that direct labor is a variable cost and that there were no beginning or ending inventories.
-The total contribution margin of Porter Company for the second quarter was:
Definitions:
Significant Decline
A substantial reduction in value or quantity over a period, often used to describe a marked drop in financial markets, asset values, or economic conditions.
Equity Method
An accounting technique used by companies to assess the profits earned through their investments in other companies.
Fair Value
The remuneration for divesting an asset or the compensation needed to transfer a liability in an orderly market exchange at the calendar mark for assessment.
Temporary Decline
A short-term decrease in the value or performance of an asset or market, expected to recover over time.
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