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0 SB Exercise 6-14 through Exercise 6-15 (Static) [The following information applies to the questions displayed below) Chuck Wagon Grills, Incorporated, makes a single product-a
0 SB Exercise 6-14 through Exercise 6-15 (Static) [The following information applies to the questions displayed below) Chuck Wagon Grills, Incorporated, 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 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 administrativo 10 Total variable cost per unit $. 160 Fixed costs: Vixed manufacturing overhead $ 200.000 Pixed selling and administrative 285.000 Total fixed costs $985,000 Exercise 6-15 (Static) Absorption Costing Unit Product Cost and Income Statement (LO6-1, L06-21 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
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