A local company produced and sold 50,000 units of product during the most recent accounting period. They reported total sales of $850,000 and the following costs: Variable manufacturing costs (both direct and indirect) of $2.80 per unit Fixed manufacturing overhead of $4.20 per unit (average at 50,000 units) Variable selling and administrative costs of $0.90 per unit Fixed selling and administrative costs of $6.00 per unit (average at 50,000 units) Given this information, what would be the contribution margin per unit if sales dropped by 20%?