Assume that Quality Motors use Variable Costing: Sales: $34,000,000 Cost of Direct Materials used in production: $6,200,000 Cost of Direct Labor wages: $8,235,500 Variable Manufacturing Overhead: $7,080,000 Fixed Manufacturing Overhead: $4,950,000 Fixed Selling Expenses: $2,500,000 What is Quality Motors contribution margin and net income? Select one: o a. Contribution Margin: $9,984,500 Net Income: $5,034,500 O b. Contribution Margin: $12,484,500 Net Income: $5,034,500 O C. Contribution Margin: $19,564,500 Net Income: $5,034,500 O d. None of the above, the answer should include gross profit not contribution margin