Reliance Corporation sold 4,600 units of its product at a price of $21 per unit. Total variable cost per unit is $11.50, consisting of $10.65 in variable production cost and $0.85 in variable selling and administrative cost. Compute the contribution margin for the company.

Multiple Choice

• $56,810

• $52,900

• $96,600

• $48,990

• $43,700