Pharoah Corporation has collected the following information after its first year of sales. Sales were $1,350,000 on 90,000 units; selling expenses $225,000 (40\% variable and 60% fixed); direct materials $459,900; direct labor $261,000; administrative expenses $243.000(20% variable and 80% fixed); and manufacturing overhead $315,000(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. (a) 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) Contributionmargin for current year is Contribution margin for projected year (2) Fixed costs for current year