Washington Supply Company experienced the following costs in 2010:
Direct Materials $3.50/unit
Direct Labor $2.55/unit
Manufacturing Overhead Costs
variable $1.50/unit
fixed $20,000
Selling & Administrative costs
Variable Selling $2.15/unit
Fixed Selling $8,000
Fixed administrative $7,000
During the year the company manufactured 95,000 units and sold 80,000 units. If the average selling price per unit was $20, how much was the company's contribution margin?