Stuart Manufacturing produces metal picture frames. The company's income statements for the last two years are presented below: Last year Units sold Sales Less: Cost of goods sold Gross margin Less: Operating expenses Net income 50,000 $800,000 550,000 250,000 150,000 $100,000 This year 70,000 $1,120,000 710,000 410.000 190,000 $220,000 The company has no beginning or ending inventories. All activity in this problem is in the relevant range. 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