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Exercise 6-15 Absorption Costing Unit Product Cost and Income Statement (LO6-1, LO6-2] Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow: Units in beginning inventory Units produced 10, 200 Units sold 9,100 Units in ending inventory 1,100 Variable costs per unit: Direct materials Direct labor Variable manufacturing 15 overhead Variable selling and administrative Total variable cost per unit $ 128 Fixed costs: Fixed manufacturing overhead $326,400 Fixed selling and 525,000 administrative Total fixed costs $851,400 21 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill. 2. Assume that the company uses absorption costing. Prepare an income statement for last year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill. Unit product cost Required 1 Required 2 > Exercise 6-15 Absorption Costing Unit Product Cost and Income Statement (LO6-1, LO6-2] Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow: 15 Units in beginning inventory 0 Units produced 10,200 Units sold 9,100 Units in ending inventory 1,100 Variable costs per unit: Direct materials $ 62 Direct labor 30 Variable manufacturing overhead Variable selling and administrative Total variable cost per unit $ 128 Fixed costs: Fixed manufacturing overhead $326,400 Fixed selling and 525,000 administrative Total fixed costs $851,400 21 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill. 2. Assume that the company uses absorption costing. Prepare an income statement for last year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company uses absorption costing. Prepare an income statement for last year. Chuck Wagon Grills, Inc. Absorption Costing Income Statement Net operating income (loss)

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