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Cinelli purchases battery powered bikes from a manufacturer for $1,491 per unit and then sells them to its customers for $2,400 each. The companys monthly

Cinelli purchases battery powered bikes from a manufacturer for $1,491 per unit and then sells them to its customers for $2,400 each. The companys monthly selling and administrative costs are the following:

Costs Cost Formula
Selling:
Advertising $ 967 per month
Sales salaries and commissions $ 4,786 per month, plus 5% of sales
Delivery of bikes to customers $ 58 per unit sold
Utilities $ 658 per month
Depreciation of sales facilities $ 4,919 per month
Administrative:
Executive salaries $ 13,469 per month
Insurance $ 691 per month
Clerical $ 2,470 per month, plus $35 per unit sold
Depreciation of office equipment $ 888 per month

Last month Cinelli sold 61 units. How much was the company's total contribution margin for the month?

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