Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: during first year produced $50,000$ units and sold $40,000$ units $,$ during second year produced $40,000$ units and sold $50,000$ units, the selling price of the company's product is $$51$ per unit. direct materials $$30,$ direct labor $$12,$ variable manufacturing overhead $$5,$ variable selling and administrative $$4,$ fixed manufacturing overhead $$240,000,$ fixed selling and administrative $$60,000$