Pelley Company had the following information:

Sales $95,000

Cost of Goods Sold 60,400 (all Variable)

Selling Expense $8,000 Fixed

$2,000 Variable

Administrative Expense: $6,000 Fixed

$6,000 Variable

What is Contribution Margin for this Company?

Select one:

a. $35,400

b. $26,600

c. $12,600

d. $28,600