Gibson Corporation makes and sells state-of-the-art electronics products. One of its segments produces The Math Machine, an inexpensive calculator. The company's chief accountant recently prepared the following income statement showing annual revenues and expenses associated with the segment's operating activities. The relevant range for the production and sale of the calculators is between 36,000 and 70,000 units per year Revenue (37,000 units x $8) Unit-level variable costs $296,000 Materials cost (37,000 x $2) Labor cost (37,000 x $1) Manufacturing overhead (37,000 x $0.20) Shipping and handling (37,000 x $0.25) Sales commissions (37,000 x $1) (74,000) (37,000) (7,400) (9,250) 37,000) Contribution margin Fixed expenses 131,350 Advertising costs Salary of production supervisor Allocated company wide facility-level expenses (28,000) (66,000) (81,000) $(43,650) Net loss