1 Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows: 2 3 Selling price per fireplace 4 Manufacturing costs: 5 Variable per unit produced: $420 10 Selling and administrative expenses: 6 Direct materials $135 7 Direct labor $43 8 Variable manufacturing overhead $37 9 Fixed manufacturing overhead per year $210,000 $45 $190,000 0 5,000 4,500 11 Variable per unit sold 12 Fixed per year 13 14 Units in beginning inventory 15 Units produced during the year 16 Units sold during the year 17 18 Use the data to answer the following. 19 20 1. Assume the company uses variable costing: 21 22 Compute the unit product cost for one fireplace 23 24 Prepare a contribution margin income statement for the year B