The following information applies to Hawks Corporation: Beginning Inventory 0 Units Ending Inventory 4,000 units Units produced 40,000 units Direct labor per unit $22 Direct materials per unit $15 Variable manufacturing overhead per unit $5 Fixed manufacturing overhead per unit $12 Variable operating expenses per unit $10 Fixed operating expenses $80,000 Using variable costing, what will Hawks record as contribution margin if the units were sold for $95 each and assuming no variances were reported? $504,000$1,548,000$1,476,000$1,908,000