During the year, Cornell produced and sold 60,000 units of product at a sale price of $8.00 per unit. There was no beginning inventory of product at the start of the year. (Click the icon to view the fixed and variable costs.) What is the contribution margin for the year at Cornell Corporation? O A. $480,000 OB. $282,000 OC. $290,000 OD. $92,000 - X Fixed and Variable Costs $125,000 48,000 25,000 Fixed costs: Manufacturing Marketing Administrative Variable costs: Manufacturing Marketing Administrative $120,000 32,000 38,000 Print Done