Bill Johnson, sales manager, and Diane Buswell, controller, at Current Designs are beginning to analyze the cost considerations for one of the composite models of the kayak division. They have provided the following production and operational costs necessary to produce one composite kayak. Kevlar ^() $250 per kayak Resin and supplies $100 per kayak Finishing kit (seat, rudder, ropes, etc.) $170 per kayak Direct Labor $420 per kayak Selling and administrative expenses-variable $400 per kayak Selling and administrative expenses-fixed $119,700 per year Manufacturing overhead-fixed $240,000 per year Bill and Diane have asked you to provide a cost-volume-profit analysis, to help them finalize the budget projections for the upcoming year. Bill has informed you that the selling price of the compostite kayak will be $2000. Determine the unit contribution margin