Leopold manufactures plastic component parts for refrigeration units. The following information (MiBC) is available for the company's first year of business when it produced 100,000 units. Revenue of \(\$ 160,000\) was generated by the sale of 80,000 units.

a. What is the variable production cost per unit?

b. What is the total contribution margin per unit?

c. Prepare a variable costing income statement.

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Production Direct material... Direct labor... Overhead Selling and administrative. Variable Cost Fixed Cost $40,000 20,000 60,000 $30,000 20,000 10,000