Compute contribution margin for the company under variable costing. $2,368,000 $2,627,000 $7,289,000 $5,317,000 $5,104,400

Travis Company reports the following for its single product. Travis produced and sold 37,000 units this year. Direct materials Direct labor Variable overhead Fixed overhead $47 $53 $26 per unit per unit per unit $ 137,000 per year Variable selling and administrative expenses $ 7 per unit Fixed selling and administrative expenses $ 212,600 per year Sales price $ 197 per unit Compute contribution margin for the company under variable costing. O O O O O $2,368,000 $2,627,000 $7,289,000 $5,317,000 $5,104,400