clock Cost of Good Manufactured, und Vans Casting and Absorption Casting On March 31, the end of the first year of operations, tad lncy manufactured 2,200 units and sold 1.700 units. The following income statement was prepared, based on the variable costing concept Barnard Inc Variable Costing Income Statement For the Year Ended March 31, 2011 $570,000 Variable cost of goods sold: Varble cou of goods manufactured $316,00 Inventory, March 31 (4,200 Total variable cost of goods sold (273.600) Manucuring margin $296,400 Tutalable sing and distrative expenses (6 400) Contribution $220,000 Tixed costs hiemanding costs $145.200 ed sling and administrative expenses 45.600 Toledo (190,000) Opening income $97,200 Det the unit cost of good manufactured based on the vast conting concept (b) the aption costing Varble con Aston Next > Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 2011 Sales $570,000 Variable cost of goods sold: Variable cost of goods manufactured $316,800 Inventory, March 31 (43,200) Total variable cost of goods sold (273,600) Manufacturing margin $296,400 Total variable selling and administrative expenses (68,400) Contribution margin $228,000 Fixed costs Fixed manufacturing costs $145,200 Fixed selling and administrative expenses 45,600 Total fixed costs (190,800) Operating income $37,200 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept Variable costing Absorption costing