Travis Company reports the following for its single product. Travis produced and sold 20,000 units this year. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price Compute contribution margin for the company under variable costing. $ 30 per unit $ 36 per unit $ 9 per unit $ 120,000 per year $ 6 per unit $ 195,600 per year $ 180 per unit Multiple Choice $1,980,000