Data from The William Company for 2008 is as follows:
Sales$20/unit
Variable cost of goods sold??
Fixed manufacturing overhead$92,000
Variable selling and administrative??
Fixed selling and administrative$103,000
The company produced 148,000 units during the year and sold 120,000 units. Variable production costs and fixed costs have remained constant all year. Net income for the year was $900,000. What was the company's contribution margin?