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Accounting

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CoursHeroTranscribedText: Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for $300. Data for last year's operations follow. Units in beginning inventory Units produced 10,300 Units sold 8, 800 Units in ending inventory 1,500 Variable costs per unit: Direct materials 60 Direct labor 20 Variable manufacturing overhead 10 Variable selling and administrative 36 Total variable cost per unit 120 Fixed costs: Fixed manufacturing overhead $ 170,080 Fixed selling and administrative 910,060 Total fixed costs $1,080,060 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 company's break-even point in terms of the number of barbecue grills sold? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assume that the company uses variable costing. Compute the unit product cost for one barbecue grill. Unit product cost $ 90 Required 1 Required 2 Required 3Assume that the company uses variable costing. Prepare a contribution format income statement for last year. Chuck Wagon Grills, Inc. Variable Costing Income Statement Sales Variable expenses. Variable cost of goods sold Variable selling and administrative expenses Contribution margin 0 Fixed expenses Fixed manufacturing overhead Fixed selling and administrative expenses Fixed selling and administrative expenses 0 Net operating income $ 0 Required 1 Required 2 Required 3 What is the company's break-even point in terms of the number of barbecue grills sold? Break-even point units

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