Al f Addison, Inc, makes a single product, an indoor fireplace. Data for last year Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows: Selling price per fireplace $420 Manufacturing costs: Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable per unit sold Fixed per year $45 Units in beginning inventory Units produced during the year Units sold during the year 17 Use the data to answer the following. 1. Assume the company uses variable costing: Compute the unit product cost for one fireplace 23 24 Prepare a contribution margin income statement for the year READY Attempt(s) 1. Assume the company uses variable costing: Compute the unit product cost for one fireplace Prepare a contribution margin income statement for the year Sales Variable expenses: Variable cost of goods sold Variable selling and administrative expenses Contribution margin 31 Fixed expenses: \begin{tabular}{|l|l} 32 & Fixed manufacturing overhead \\ \hline 33 & Fixed selling and admistative \end{tabular} 33 Fixed selling and administrative expenses 34 Net operating income Compute the number of fireplaces required to breakeven 2. Assume the company uses absorption costing: 39 READY Addison Ine makac a cinola nmduet an indoar firanlame nota fa