Required information 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. Exercise 19-5 (Algo) Computing gross profit at different production levels LO P2 The company sells its product for $150 per unit. Compute gross profit using absorption costing assuming the company (a) produces and sells 2,400 units and (b) produces 3,000 units and sells 2,400 units. Required information 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. Exercise 19-6 (Algo) Computing contribution margin at different production levels LO P2 The company sells its product for $150 per unit. Compute contribution margin using variable costing assuming the company (a) produces and sells 2,400 units and (b) produces 3,000 units and sells 2,400 units