The HF Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during the year $8.00 $1.83 $4.45 $75,000 $80,000 500,000 150,000 Using variable costing, what is the contribution margin for last year? $1,200,000 $2,142,000 $258,000 $274,500