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Barnes Company reports the following for its product for its first year of operations....

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Accounting

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
$12 per unit
$54,000 per year
$2 per unit
$26,000 per year
Exercise 19-6(Algo) Computing contribution margin at different production levels LO P2
The company sells its product for $140 per unit. Compute contribution margin using variable costing assuming the company (a) produces and sells 3,000 units and (b) produces 3,600 units and sells 3,000 units.
\table[[Contribution margin using variable costing,\table[[(a)3,000 Units Produced and],[(b)3,600 Units Produced],[and 3,000 Units Sold]],],[Variable expenses,,],[,,],[,,],[Contribuition margin,,]]
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