Ramort Company reports the following cost data for its single product. The company regularly sells 16,000 units of its product at a price of $52.00 per unit.

Direct materials	$	9.20	per unit
Direct labor	$	11.20	per unit
Overhead costs for the year
Variable overhead	$	2.20	per unit
Fixed overhead per year	$	14,400
Selling and adminstrative costs for the year
Variable	$	1.20	per unit
Fixed	$	64,400
Normal production level (in units)		16,000	units

Compute contribution margin under variable costing.