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Required information The following information applies to the questions displayed below) Barnes Company reports the following for its product for its first year of operations. Direct materials $ 35 per unit Direct labor $ 25 per unit Variable overhead $ 1e per unit Fixed overhead $ 48,000 per year Variable selling and administrative expenses $ 3 per unit Fixed selling and administrative expenses $ 20,000 per year Compute total product cost per unit using absorption costing for the following production levels: fa) 2,000 units. (b) 2,400 units, and (0 3,000 units Units produced 2,000 2,400 3.000 Product cost per unit using absorption costing Total product cost per unit The company sells its product for $150 per unit Compute gross profit using absorption costing assuming the company (a) produces and sells 2,000 units and (b) produces 2,400 units and sells 2,000 units. Gross profit using absorption costing {a) 2,000 Units Produced (b) 2,400 Units Produced and 2,000 Units Sold and 2,000 Units Sold Gross profit The company sells its product for $150 per unit. Compute contribution margin using variable costing assuming the company (a) produces and sells 2,000 units and (b) produces 2,400 units and sells 2,000 units Contribution using variable costing (a) 2,000 Units Produced and (b) 2,400 Units Produced 2,000 Units Sold and 2,000 Units Sold Variable expenses Contribution margin