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 administrative expenses $ 34 per unit $ 24 per unit $ 16 per unit $ 70,000 per year $ 3 per unit $ 31,000 per year Exercise 19-4 (Algo) Computing cost per unit at different production levels LO P1, P2 Compute total product cost per unit using absorption costing for the following production levels: (a) 2,500 units, (b) 3,500 units, and (c) 5,000 units. Product cost per unit using absorption costing 2,500 Units produced 3,500 5,000 Direct materials Direct labor Fixed overhead Total product cost per unit