CVP Analysis Full Capacity Corporation has been producing and selling 200,000 units of a product per year. The following budget was prepared for the next year: Selling price per unit $25.00 Variable cost per unit: Direct materials $10.00 Direct labor 8.00 Variable Overhead 1.50 Variable Selling and administrative costs 0.50 Total Fixed costs $230,000 Required: Calculate the net income or loss of the company at the current level of sales, using the contribution margin approach. NOTE TO CANDIDATES: Just write in the answere Net Income SwxXXXXX Please do your working on file paper and send in a copy of your working to your Lecturer by email or on teams private chat