Oriole Corporation has collected the following information after its first year of sales. Sales were $1,320,000 on 88,000 units; selling expenses $220,000 (40\% variable and 60% foxed); direct materials $449,680; direct labor $255,200; administrative expenses $237,600(20% var iable and 80% fixed); and manufacturing overhead $308,000 (70\% variable and 30% foced). 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%5 next year. (a) Compute (1) the contribution margin for the current year and the projected yeaf, and (2) the fixed costs for the curnent year: (Assume that fixed costs will remain the same in the projected year.) (1) Contribution margin for current year Contribution margin for projected year (2) Fixed costs forcurrent year