Travis Company reports the following for its single product. Travis produced and sold $37,000$ units this year.

Direct materials $ $47$ per unit

Direct labor $ $53$ per unit

Variable overhead $ $26$ per unit

Fixed overhead $ $137,000$ per year

Variable selling and administrative expenses $ $7$ per unit

Fixed selling and administrative expenses $ $212,600$ per year

Sales price $ $197$ per unit

Compute contribution margin for the company under variable costing.