Dockwiller Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air conditioners, is known as D53. Data concerning this product are given below:

	Per Unit
Selling price	$1.50
Direct materials	$ 26
Direct labor	$ 3
Variable manufacturing overhead	$ 1
Fixed manufacturing overhead	$ 17
Variable selling expense	$ 2
Fixed selling and administrative expense	$ 18

The above per unit data are based on annual production of 8,000 units of the component. Direct labor is a variable cost. Refer to the original data in the problem. What is the current contribution margin per unit for component D53 based on its selling price of $150 and its annual production of 8,000 units?

$83 per unit

$118 per unit

$32 per unit

$120 per unit