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 $ 37 per unit Direct labor $ 27 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 $ 39, 000 per year Compute total product cost per unit using absorption costing for the following production levels: (a) 2,000 units, (b) 2,700 units, and (c) 3,000 units. Units produced Product cost per unit using absorption costing 2,000 2,700 3,000 Direct materials Direct labor Variable overhead Fixed overhead Total product cost per unitThe company sells its product for $160 per unit. Compute gross prot using absorption costing assuming the company (a) produces and sells 2,030 units and (b) produces 230D units and sells 2,000 units. The company sells its product for $160 per unit. Compute contribution margin using variable costing assuming the company (a) produces and sells 2,000 units and (b) produces 2,700 units and sells 2,000 units. Contribution using variable costing (a) 2,000 Units Produced and (b) 2,700 Units Produced 2,000 Units Sold and 2,000 Units Sold Variable expenses Contribution margin