Pinacle Corp. budgeted $246,740 of overhead cost for the current year. Actual overhead costs for the year were $224,900. Pinacle's plantwide allocation base, machine hours, was budgeted at 47,070 hours. Actual machine hours were 40,890. A total of 92,030 units was budgeted to be produced and 98,000 units were actually produced. Pinacle's plantwide factory overhead rate for the current year is: The Roget Factory has determined that its budgeted factory overhead budget for the year is $4,587,900. They plan to produce 1,000,000 units. Budgeted direct labor hours are 373,000 and budgeted machine hours are 375,000. Using the single plantwide factory overhead rate based on direct labor hours, calculate the factory overhead rate for the year. A business operated at 100% of capacity during its first month, with the following results: Sales (104 units) $520,000 Production costs (130 units): Direct materials $65,000 Direct labor 16,250 Variable factory overhead 29,250 Fixed factory overhead 26,000 136,500 Operating expenses: Variable operating expenses $5,180 Fixed operating expenses 4,420 9,600 What is the amount of the contribution margin that would be reported on the variable costing income statement