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 $ 32 per unit $ 22 per unit $ 12 per unit $ 60,000 per year $ 2 per unit $ 24,000 per year Compute total product cost per unit using absorption costing for the following production levels: (a) 2.400 units. (63.000 units, and (o 4;000 units Units produced 3,000 2.400 4,000 Product cost per unit using absorption costing Direct labor Direct materials Fred overhead Variable overhead Total product cost per unit 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 $ 32 per unit Direct Labor $ 22 per unit Variable overhead 5 12 per unit Fixed overhead $ 60,000 per year Variable selling and administrative expenses $ 2 per unit Fixed selling and administrative expenses $ 24,000 per year The company sells its product for $150 per unit Compute gross profit using absorption costing assuming the company () produces and sells 2,400 units and (b) produces 3.000 units and sells 2,400 units. Gross profit using absorption coating (m) 2.400 Units Produced (b) 3,000 Units Produced and 2,400 Units Sold and 2.400 Units Sold Sales Cost of goods sold Gross profit 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 5 32 per unit 5 22 per unit 5 12 per unit $ 60,000 per year 5.2 per unit $ 24,000 per year 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. (a) 2.400 Units Produced and (b) 3,000 Units Produced 2,400 Units Sold and 2,400 Units Sold Contribution margin using variable costing Sales Variable expenses Variable cost of goods sold Variable selling and administrative expenses Contribution margin