Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $$0$ this year.

Units produced this year $25,000$ units

Units sold this year $15,000$ units

Direct materials $$8$ per unit

Direct labor $$10$ per unit

Variable overhead $$3$ per unit

Fixed overhead $$50,000$ in total

Variable selling and administrative $$5$ per unit

Fixed selling and administrative $$20,000$ in total

Selling price $$60$

Given Advanced Company's data, compute the dollar amount of contribution margin using variable costing?

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