Travis Company reports the following for its single product. Travis produced and sold $21,000$ units this year.

Direct materials $ $31$ per unit

Direct labor $ $37$ per unit

Variable overhead $ $10$ per unit

Fixed overhead $ $121,000$ per year

Variable selling and administrative expenses $ $5$ per unit

Fixed selling and administrative expenses $ $196,600$ per year

Sales price $ $181$ per unit

Compute contribution margin for the company under variable costing.