Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. chuck wagon grills, incorporated, makes a single p

Chuck Wagon Grills, Incorporated, makes a single producta handmade specialty barbecue grill that it sells...

50.1K

Verified Solution

Question

Accounting

Chuck Wagon Grills, Incorporated, makes a single producta handmade specialty barbecue grill that it sells for $210. Data for last years operations follow:

Units in beginning inventory 0
Units produced 20,000
Units sold 19,000
Units in ending inventory 1,000
Variable costs per unit:
Direct materials $ 50
Direct labor 80
Variable manufacturing overhead 20
Variable selling and administrative 10
Total variable cost per unit $ 160
Fixed costs:
Fixed manufacturing overhead $ 700,000
Fixed selling and administrative 285,000
Total fixed costs $ 985,000

Required:

1. Assume that the company uses variable costing. Compute the unit product cost for one barbecue grill.

2. Assume that the company uses variable costing. Prepare a contribution format income statement for last year.

3. What is the companys break-even point in terms of the number of barbecue grills sold?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

1. Parkruns are free 5km timed runs usually run on weekends in different cities, towns and...

Psychology
1.2K views

What is needed to create more balanced gender scripts? please thoroughly explain your answer

Biology
1.2K views

12 BLASTn could be used to A determine mitochondrial haplotype defining SNPs B determine the...

Basic Math
1.2K views

Write the system of equations as 2m 4n 6b 3m 7n 56 7b Question Help...

Statistics
1.2K views

Listed below are foot lengths mm and heights mm of males Find the regression equation...

Algebra
1.2K views

4 2 5 2 4 2 5 2 Type Type an integer or a decimal

Accounting
1.2K views

At a volume level of 580,000 units, Sullivan reported the following information: ...

Accounting
1.2K views

Justine Corporation currently makes rolls for deli sandwiches it produces. It uses 40,000 rolls annually...

Accounting
1.2K views

Superior Hardwood Company distributes hardwood products to small furniture manufacturers. The adjusted trial balance data...

Accounting
1.2K views

I just need help with G and H. Please include math. Thank you! ...

Finance
1.2K views

Homework #8 Futures contracts and markets 1-Suppose you enter into a short futures contract to...

Accounting
1.2K views

Return to the original facts in the problem. Now suppose that, at the end of...