CDE Corporation produces a single product and has the following cost structure: Number of units produced each year 7,000 Variable costs per unit: Direct materials P 51 Direct labor P 12 Variable manufacturing overhead P 2 Variable selling and administrative expense P 5 Fixed costs per year: Fixed manufacturing overhead P 441,000 Fixed selling and administrative expense P 112,000 Required: a. Compute the absorption cost per unit b. Compute the total contribution margin.