Question Completion Status: The KURUVILLA Company had the following functional income statement for the month of July, 2020: $400,000 Sales ($20 x 20,000 units) Costs of goods sold: Direct materials (3 x 20,000) $ 60,000 Direct labor (2 x 20,000) 40,000 Variable factory overhead (6 x 20000) 120,000 Fixed factory overhead 50,000 Gross profit Selling and administrative expenses: Variable (1 x 20000) $ 20,000 Fixed 50,000 Operating income 270,000 $130,000 70,000 $ 60,000 Kuruvilla's tax rate is 40%. What is the contribution margin per unit? Be sure to show ALL your work with formulas in English or abbreviations, if needed, to receive full credit for a correct answer. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TT T Arial 3 (12pt) - T CM MARGIN = (PV) - 20 Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers