1 1 Required information [The following information applies to the questions displayed below.] Part1of2 Chuck Wagon Grills, Incorporated, makes a single producta handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow: Units in beginning inventory @ 05 Units produced 20,000 pnlalnts Units sold 19,000 Units in ending inventory 1,000 Variable costs per unit: Direct materials $ 50 !| Direct labor 80 = Variable manufacturing owverhead 20 eBook Variable selling and administrative 18 Total variable cost per unit 5 160 [E] Fixed costs: References 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 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. Prepare a contribution format income statement for last year. 0 0 0 $ 0 1 2 Required information [The following information applies to the questions displayed below.] Part 2 of 2 Chuck Wagon Grills, Incorporated, makes a single producta handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow: L} Units in beginning inventory 2 05 Units produced 20,000 pnlllms Units sold 19,000 Units in ending inventory 1,000 Variable costs per unit: Direct materials $ 50 !| Direct labor 8@ = Variable manufacturing overhead 20 eBook Variable selling and administrative 18 Total variable cost per unit $ 160 |[__. Fixed costs: References Fixed manufacturing overhead $ 700,000 Fixed selling and administrative 285,000 Total fixed costs $ 985,000 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. Net operating income (loss)