Olive Corporation has the following financial perspective of profitability for the current month: Revenues $20,000 Cost of Goods Sold Direct Materials (Variable) $2,000 Direct Labor (Variable) $2,000 Variable Overhead $1,000 Fixed Overhead $3,000 Gross Margin $12,000 Variable Operating Expenses $2,000 Fixed Operating Expenses $3,000 Profit $7,000 Glenn, a manager at Olive Corp., has decided to adopt a managerial perspective of profitability. Using the provided information, which of the following statements are true about the managerial perspective? (Check all that apply.) 1 point Contribution margin will be $12,000. Contribution margin will be $13,000. Contribution margin will be $7,000. Profit will be $7,000