During the past year, Waxman Electronics manufactured 25,000 speakers during 2020 and sold 26,000 speakers. Production costs during the year were as follows: Fixed manufacturing overhead $546,000 Variable manufacturing overhead 234,000 Direct labor 312,000 Direct materials 780,000 Sales totaled $3,120,000, variable selling and administrative costs totaled $182,000, and fixed selling and administrative costs totaled $114,000. There were 2,200 speakers in beginning inventory. How much is the contribution margin per unit?

$48.00

$69.00

$62.00

None of these answer choices are correct.