Bolka Corporation, a merchandising company, reported the following results for October:

Sales

Cost of goods sold $($all variable$)$

Total variable selling expense

Total fixed selling expense

Total variable administrative expense

$$447,000$

$$170,500$

$$20,100$

$$21,600$

Total fixed administrative expense

$$8,500$

$$31,300$

The contribution margin for October is:

Multiple Choice

$$276,500$