ebook Print item On March 31, the end of the first year of operations, Barnard Inc., manufactured 5,700 units and sold 4,900 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 Sales $2,450,000 Variable cost of goods sold: Variable cost of goods manufactured $1,368,000 Inventory, March 31 (192,000) Total variable cost of goods sold (1.175,000) Manufacturing margin $1,274,000 Total variable selling and administrative expenses (294,000) Contribution margin $980,000 Fixed costs Fixed manufacturing costs $627,000 Fixed selling and administrative expenses 196,000 Total fixed costs (823,000) Operating income $157,000 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept Variable costing Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 2011 Sales $2,450,000 Variable cost of goods sold Variable cost of goods manufactured $1,368,000 Inventory, March 31 (192.000) Total variable cost of goods sold (1.176,000) Manufacturing margin $1,274,000 Total variable selling and administrative expenses (294,000) Contribution margin 5980,000 Fixed costs Fixed manufacturing costs 5627,000 Fixed salting and administrative expenses 195,000 Total fund costs (823,000) Operating income $157.000 Determine the unit cost of goods manufactured based on (a) the variable costing concept and (b) the abtorption costing concept, Variable costing ol Absorption costing