Managerial Accounting Chapter 2 Homework J Corporation presented the following cost data for the month ending February 28, 2021. DESCRIPTION AMOUNT Direct Materials cost per unit Direct labor cost per unit $7.00 $5.00 Variable Manufacturing Overhead Cost Per Unit $2.00 Sales and Marketing Costs $100,000 Corporate Headquarters Administrative Staff Salaries $260,000 Factory Rent $50,000 Production supervisors' salary (annual) $90,000 Warehouse staff salaries (annual) $70,000 Maintenance staff salaries $30,000 Sales commission per unit Sales commission (annual) Factory supervisors' salary (annual) $1.00 $30,000 $160,000 Selling Price per unit $50.00 Based on the information presented in the above table: Calculate unit contribution margin Calculate total contribution margin Calculate Net Income for the month ending February 28, 2021