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 manufacturingoverhead$546,000

Variable manufacturingoverhead234,000

Directlabor312,000

Directmaterials780,000

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.