Sims company, a manufacturer of tablet computers began operations on Jan 1, 2019. Its cost and sales information for this year follows

manufacturing costs

direct materials $40 per unit

direct labor $60 per unit

Overhead cost

Variable $20 per unit

fixed 8 million per year

selling an administrative cost for the year

variable $750,000

fixed $4,250,000

production and sales for the year

units produced 100,000 units

units sold 70,000 units

Sale price per unit $350 per unit