Latinovich company has no beginning and ending inventories, and reports the following data about its only products: Direct material $200,000 direct labor $80,000 Fixed indirect cost $180,000 Fixed selling and administrative expenses $150,000 Variable Indirect cost $130,000 Variable selling and administrative $160,000 Selling price per unit $150 Units produced and sold 10,000 Latinovich Company uses the contribution approach to prepare the income statement. What is the contribution margin?