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Required information Skip to question [ The following information applies to the questions displayed below. ] Barnes Company reports the following for its product for

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[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 $ 54,000 per year
Variable selling and administrative expenses $ 2 per unit
Fixed selling and administrative expenses $ 26,000 per year
Compute total product cost per unit using absorption costing for the following production levels: (a)3,000 units, (b)3,600 units, and (c)4,500 units.
2) The company sells its product for $140 per unit. Compute gross profit using absorption costing assuming the company (a) produces and sells 3,000 units and (b) produces 3,600 units and sells 3,000 units.
3) 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.

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