Product #71B sells for $75 per unit. Direct materials are $12 per unit, direct labor is $10 per unit, and variable manufacturing overhead is 80% of direct labor costs per unit. Variable selling and administrative expenses average $5 per unit sold. If fixed manufacturing overhead is $40,000 when fixed selling and administrative expenses total $50,000, determine gross profit when 7,500 units are produced and sold. Group of answer choices $210,000 $297,500 $300,000 $337,500