Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate comp 16 Required information. 5 [The following information applies to the questions displayed below.] nts 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 Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Total fixed costs 20,000 19,000 1,000 $ 50 80 20 10 $160 $700,000 285,000 $ 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? 16 Required information 55 ints Required 1 Required 2 Required 3 Assume that the company uses variable costing. Prepare a contribution format income statement for last year. Chuck Wagon Grills, Incorporated Sales Variable expenses: Indirect materials Variable Costing Income Statement 3,990,000 $ 950,000 x1,520,000 Indirect labor Fixed manufacturing overhead Variable cost of goods sold Gross margin 380,000x 190,000 3,040,000 950,000 Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative expenses Fixed manufacturing overhead Net operating income $ 700,000 285,000 < Required 1 985,000 $ (35,000) Required 3 >