Saved Required information [The following information applies to the questions displayed below] A company manufactures one product that is sold for $76 per unit. During the company's first year of operations it produced 47,000 units and sold 42,000 units and incurred the following costs. 26 Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense $ 5 $ 2 4 $ 987,000 5 475,000 5. What is the company's total contribution margin under variable costing? Total contribution margin 5(34.000)