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Consider the following information for Richardson Company for the prior year: - The company produced 2,450 units and sold 2,375 units, both as budgeted. - There were no beginning or ending work-in-process inventories and no beginning finished goods inventory. - Budgeted and actual fixed costs were equal, all variable manufacturing costs were affected by production volume only, and all variable selling costs were affected by sales volume only. - Budgeted per unit revenues and costs were as follows: Sales price Direct materials Direct labor Other variable manufacturing costs Fixed selling costs Variable selling costs Fixed manufacturing costs Fixed administrative costs Per unit $75 9 24 11 6 16 6 1 The contribution margin earned by Richardson for the prior year was Answer: *Please place your answer in the highlighted cell and not move any cells. Use the space on the right hand side for your work.*