5 ! Required information [The following information applies to the questions displayed below.) Part 3 of 3 3 Barnes Company reports the following for its product for its first year of operations. 3 points Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 34 per unit $ 24 per unit $ 16 per unit $ 70,000 per year $ 3 per unit $ 31,000 per year eBook Print References The company sells its product for $150 per unit. Compute contribution margin using variable costing assuming the company (a) produces and sells 2,500 units and (b) produces 3,500 units and sells 2,500 units. Contribution using variable costing (a) 2,500 Units Produced and (b) 3,500 Units Produced 2,500 Units Sold and 2,500 Units Sold S 375,000 $ 375,000 77 77 Sales Variable expenses Variable cost of goods sold Variable selling and administrative expenses Variable overhead Contribution margin S 182,500 $ 182,500