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  3. barnes company reports the following for its produ

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

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Accounting

Barnes Company reports the following for its product for its first year of operatipns.
Direct materials
Direct labor
Variable overhead
Fixed overhead
Vriable selling and administrative expenses
Fixed selling and administrative expenses
$35 per unit
$25 per unit
$10 per unit
$48,000 per year
$3 per unit
$20,000 per year
The company sells its product for $150 per unit. Compute contribution margin using variable costing assuming the company (a) produces and sells 2,000 units and (b) produces 2,400 units and sells 2,000 units.
\table[[Contribution margin using variable costing,\table[[(a)2,000 Units Produced and],[2,000 Units Sold]],\table[[(b)2,400 Units Produced],[and 2,000 Units Sold]]],[Variable expenses,,]]
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