Ayers, Inc. has the following cost data for Product X, and unit product cost using variable costing when production is 500 units, 1,000 units, and 1,500 units. (Click on the icon to view the data.) (Click on the icon to view the unit product cost data.) Product X sells for $148 per unit. Assume no beginning inventories. Calculate the contribution margin using variable costing when Ayers: a. Produces and sells 500 units. b. Produces 1,000 units and sells 500 units. Produces 1,500 units and sells 500 units. C. 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. i X - Data Table Contribution Margin Direct materials $36 per unit Direct labor 48 per unit 8 per unit Variable manufacturing overhead Fixed manufacturing overhead 15,000 per year Print Done