Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows: Selling price per fireplace $420 Manufacturing costs: Variable per unit produced: Direct materials $135 Direct labor $43 Variable manufacturing overhead $37 Fixed manufacturing overhead per year $210,000 Selling and administrative expenses: Variable per unit sold $45 Fixed per year $190,000 Units in beginning inventory 0 Units produced during the year 5,000 Units sold during the year 4,500 Use the data to answer the following.