Lorge Corporation has collected the following information after its first year of sales. Sales were $2,387,200 on 149,200 units; selling expenses $358,080 (40% variable and 60% fixed); direct materials $762,412; direct labor $425,220; administrative expenses $417,760 (20% variable and 80% fixed); manufacturing overhead $537,120 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year. Your answer is correct. Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.) (1) Contribution margin for current year 96800 596800 656480 710192 Contribution margin for projected year (2) Fixed costs for current year SHOW SOLUTION LINK TO TEXT