Stuart Manufacturing produce metal picture frames. The company's income statement for the last two years are given below. The company has no begining or ending inventory REQUIRED: a. Estimate the company's total variable cost per unit and its to tal fixed cost per year.(Remember that thisbis a manufacturing firm.) b. Compute the company's contribution margin

Problem 2. Stuart Manufacturing produces metal picture frames. The company's income statements for the last two years are given below: Last year This year Units sold ... 50.000 70,000 Sales ........ $800,000 $1,120,000 Cost of goods sold. 550,000 710,000 Gross margin ... 250,000 410,000 Selling and administrative expense. 150.000 190.000 Net operating income .. $100,000 $ 220,000 The company has no beginning or ending inventories. Required: a. Estimate the company's total variable cost per unit and its total fixed costs per year. (Remember that this is a manufacturing firm.) b. Compute the company's contribution margin for this year