Abbott, Inc. has the following cost data for Product X, and unit product cost using variable costing when production is 2,000 units, 2,500 units, and 5,000 units. |(Click on the icon to view the data.) (Click on the icon to view the unit product cost data.) Product X sells for $179 per unit. Assume no beginning inventories. Calculate the contribution margin using variable costing when Abbott: a. Produces and sells 2,000 units. b. Produces 2,500 units and sells 2,000 units. c. Produces 5,000 units and sells 2,000 units. Begin by selecting the labels and computing the contribution margin for scenario a. and then compute the contribution margin for scenario b. and c. Variable costing a. b. C. Contribution Margin Direct materials 44 per unit Direct labor 48 per unit 18 per unit Variable manufacturing overhead Fixed manufacturing overhead 20,000 per year 2,000 units 2,500 units 5,000 units Direct materials 44 $ 44 $ 44 Direct labor 48 48 48 18 18 18 Variable manufacturing overhead $ 110 $ 110 $ 110 Total unit product cost Variable costing a. b. C. Cost of Goods Sold - Direct Labor Direct Materials Fixed Manufacturing Overhead Net Sales Revenue Variable Manufacturing Overhead Total Variable Costs Variable costing a. b. C. Cost of Goods Sold Direct Labor Direct Materials Fixed Manufacturing Overhead Net Sales Revenue Variable Manufacturing Overhead Total Variable Costs