XYZ Corporation makes a single product. Below is the data concerning its operation for the month of July. Factorty overhead is applied on the 150% of direct labor cost. Two-third of the factory overhead is fixed. The total contribution margin is $1,320,000. The company has no beginning or ending inventory. What is the direct material cost Per Unit?

Number of units sold 10,000

Selling price per unit $300

Manufacturing cost per unit $160

Variable selling expenses per unit $18

Total fixed selling expenses $54,700

Variable admin. expenses per unit $32

Total fixed admin. expenses $242,700

A. $42

B. $55

C. $84

D. $118

E. None of the above