Ace, 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.) Product X sells for $162 per unit. Assume no beginning inventories. Calculate the contribution margin using variable costing when Ace: 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. (Click on the icon to view the unit product cost data.) Begin by selecting the labels and computing the contribution margin for scenario a. and then compute the contribution margin for scenario b. and c. a. b. Variable costing Net Sales Revenue 324000 324000 324000 214000 Total Variable Costs 214000 214000 110000 110000 110000 Contribution Margin Data Table - X Direct materials Direct labor 44 52 11 20,000 per unit per unit per unit per year Variable manufacturing overhead Fixed manufacturing overhead Print Done 0 Reference 2,000 units 2,500 units 5,000 units Direct materials $ 44 $ 44 $ 44 Direct labor 52 52 11 Variable manufacturing overhead 11 107 $ 107 $ Total unit product cost Print Done