Reliance Corporation sold 4,800 units of its product at a price of $23 per unit. Total variable cost per unit is $12.50, consisting of $12.00 in variable production cost and $0.50 in variable selling and administrative cost. Compute the contribution margin for the company.

Multiple Choice

• $50,400
• $60,000
• $110,400
• $57,600
• $62,400