Steam Corporation has provided the following information:Direct materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadSales commissionsVariable administrative...

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Accounting

Steam Corporation has provided the following information:Direct materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadSales commissionsVariable administrative expenseFixed selling and administrative expenseCost perUnit$7.05$3.50$1.65$1.00$0.40Cost perPeriod$11,000$5,500If the selling price is $18.70 per unit, the contribution margin per unit sold is closest to: $4.30 $8.15 $1.80$5.10

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