Bracey Company manufactures and sells one product. The following information pertains to the company's first year of operations Variable cost per unit: Direct materials $22 Fixed costs per year: Direct labor Pixed manufacturing overhead Pixed selling and administrative expenses $258,000 328,950 54,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 21,500 units and sold 20,300 units. The selling price of the company's product is $54 per unit