Problem 18-5A (Part Level Submission) Viejo! Corporation has collected the following information after its first year of sales. Sales were $1,500,000 on 150,000 units selling expenses $200,000 40% vanable and 60% fixed), direct materials $490,000, direct labor $256,000, administrative expenses $270,000 (20% variable and 80% fixed), and manufacturing overhead $350,000 (70% variable and 30% fixed). Top mana gement has asked you to do a CVP analysis s othat it can make plans for the coming year. It has proje cted hat units es will ncrease by 10%next year. XYour answer is incorrect. Try again 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) Contribution margin for current year Contribution margin for projected year (2) Fixed Costs Click if you would like to Show Work for this question: Open Show Work