Waldo Company, which produces only one product, provides its most current month's data as follows: Selling price per unit $80 Variable costs per unit: Direct materials 21 Direct labor 10 Variable manufacturing overhead 3 Variable selling and administrative 6 Fixed costs: Manufacturing overhead $76,000 Selling and administrative 58,000 Units: Beginning inventory 0 Month's production 5,000 Based on the above information, what is the total contribution margin for the month under the variable costing approach? $46,000$180,000$207,000$226,000