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Use the following information for the Exercise below. $($Algo$)$

$[$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 $$34$ per unit

Direct labor $$24$ per unit

Variable overhead $ $12$ per unit

Fixed overhead $$72,000$ per year

Variable selling and administrative expenses

$$72,000$ per year $$2$ per unit

Fixed selling and administrative expenses

$$36,000$ per year

Exercise $19-6($Algo$)$ Computing contribution margin at different production levels LO P$2$

The company sells its product for $$140$ per unit. Compute contribution margin using variable costing assuming the company

$($a$)$ produces and sells $3,000$ units and

$($b$)$ produces $3,600$ units and sells $3,000$ units.

$\backslash$table$[[$Contribution margin using variable costing,$($a$)3,000$ Units Produced and,$($b$)3,600$ Units Produced$],[$and $3,000$ Units Sold,,$],[$Sales$,3,000$ Units Sold,$],[$Variable expenses,,$],[$Variable cost of goods sold,,$],[$Variable selling and administrative expenses,,$],[$Variable overhead,,$]]$