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 Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 34 per unit $ 24 per unit $ 12 per unit $ 54,000 per year $2 per unit $ 26,000 per year 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. Answer is complete but not entirely correct. Contribution margin using variable costing Sales Variable expenses Direct materials Direct labor Fixed overhead Contribution margin (a) 3,000 Units Produced and 3,000 Units Sold 420,000 $ (b) 3,600 Units Produced and 3,000 Units Sold 420,000 102,000 102,000 72,000 72,000 36,000 36,000 204,000 $ 204,000