Question
3) Chuck Wagon Grills, Inc., makes a single producta handmade specialty barbecue grill that it sells for $210. Data for last years operations follow: Units
3) Chuck Wagon Grills, Inc., makes a single producta handmade specialty barbecue grill that it sells for $210. Data for last years operations follow:
Units in beginning inventory | 0 |
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 administrative | 10 |
Total variable cost per unit | 160 |
Fixed costs: | |
Fixed manufacturing overhead | $700,000 |
Fixed selling and administrative | 285,000 |
Total fixed costs | $985,000 |
Required:
2. Assume that the company uses variable costing. Prepare a contribution format income statement for last year. PLEASE USE FORMAT BELOW
! Required information Required 1 Required 2 Required 3 Assume that the company uses variable costing. Prepare a contribution format income statement for la Chuck Wagon Grills, Inc. Variable Costing Income Statement 0 0 0 $ 0
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