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.