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. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and adeinistrative expenses $ 36 per unit $ 26 per unit $14 per unit $ 72,000 per year $2 per unit $ 38,000 per year Exercise 19-6 (Algo) Computing contribution margin at different production levels LO P2 The company sells its product for $130 per unit. Compute contribution margin using variable costing assuming the company (a) produces and sells 3,600 units and (b) produces 4,000 units and sells 3,600 units. Answer is complete but not entirely correct. Contribution margin using variable costing Sales Variable expenses Variable selling and administrative expenses Variable cost of goods sold: Contribution margin (b) 4,000 Units Produced and 3,000 Units Sold 468,000 ( (a) 3,600 Units Produced and 3,600 Units Sold 468,000 7,200 7.200 390,000 440,000 64,800 ( $ 20,800