Problem 20-2A (Part Level Submission) Lorge Corporation has collected the following information after its first year of sales. Sales were $1,650,000 on 110,000 units, selling expenses $250,000 40% variable and 60% fixed ; direct materials $626,300; direct labor $280,000; administrative expenses $270,000 20% variable and 80% fixed ; and manufacturing overhead $371,000 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) Contribution margin for current years Contribution margin for projected years (2) Fixed costs for current year LINK TO TEXT :SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above The parts of this question must be completed in order. This part will be available when you complete the part above. The parts of this question must be completed in order. This part will be available when you cormplete the part above. The parts of this question must be completed in order. This part will be available when you complete the part above