Travis Company reports the following for its single product. Travis produced and sold 37,000 units this year. Direct materials Direct labor per unit per unit Variable overhead per unit Fixed overhead per year Variable selling and administrative expenses $ 7 per unit Fixed selling and administrative expenses $212,600 per year Sales price $ 197 per unit O $2,368,000 Compute contribution margin for the company under variable costing. O $2,627,000 $47 $53 $26 $ 137,000 $7,289,000 O $5,317,000 O $5,104,400

Travis Company reports the following for its single product. Travis produced and sold 37,000 units this year. Varial Fixe Compute contribution margin for the company under variable costing. $2,368,000 $2,627,000 $7,289,000 $5,317,000 $5,104,400