18 Part 2 of 3 1.2 points Skipped Required information [The following information applies to the questions displayed below.] Barnes Company reports the following for its product for its first year of operations. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 30 per unit $20 per unit $ 10 per unit $ 80,000 per year $ 2 per unit $ 32,000 per year eBook The company sells its product for $140 per unit. Compute gross profit using absorption costing assuming the company (a) produces and sells 2,500 units and (b) produces 3,200 units and sells 2,500 units. 10 Print References Gross profit using absorption costing Mc Gross profit (a) 2,500 Units Produced (b) 3,200 Units Produced and 2,500 Units Sold and 2,500 Units Sold