Please answer the following question

Teal Mountain Corporation had sales of $3,000,000 for the year ended December 31, 2022. The unit selling price was $12. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $550,000 $785,000 Selling expenses 117,000 60.000 Administrative expenses 233,000 76,000 TEAL MOUNTAIN CORPORATION CVP Income Statement For the Year Ended December 31, 2022 Total Per Unit Sales $ 3000000 $ Variable Costs Cost of Goods Sold $ 550000 Selling Expenses 117000 i Administrative Expenses 233000 i Total Variable Costs 900000 i 3.6 Contribution Margin 2100000 $ TEAL MOUNTAIN CORPORATION CVP Income Statement For the Year Ended December 31, 2022 Total Per Unit Percent of Sales $ 3000000 $ 12 % 550000 i 117000 i 233000 i 900000 i 3.6 i % 2100000 $ 8.4 %